洛阳钼业：目标价上调至 28.3 港元及 255.5 元人民币；维持 “买入” 评级

09 Feb 2026 11:47:22 ET │ 17 pages Ac t i o n | CMOC (603993.SS/3993.HK) TP Raised to HK$28.3/sh and Rmb25.5/sh, Maintain Buy CITI'S TAKE We update our CMOC model to factor in updated metals price and production forecast, as well as the newly acquired gold assets in Brazil. We revise 2025/26/27E net profit forecast by +3.8%/+34.2%/+17.5% to Rmb20.5/33.9/31.8bn. We expect the attributable gold output from the acquired assets at 7.1t in 2026E and to contribute Rmb2.4bn net profit to CMOC, accounting for 7% of ...