Movement Alert|CHIFENG GOLD Rises 3.01% in Regular Trading, Gold Sector Rebounds as Institutions Maintain Buy Rating

Market Focus
7 hours ago

On September 16, CHIFENG GOLD rose 3.01% in regular trading, trading at 37.78 HKD/share, with turnover of 26.90 million HKD. The rebound followed a sharp sector-wide selloff in the prior session, when spot gold had fallen below $4,260/oz to a six-week low, dragging the stock down 3.42%.

On the news front, Pacific Securities published a research note on September 14 maintaining a Buy rating on CHIFENG GOLD, projecting attributable net profit of 4.23/5.35/7.13 billion yuan for the coming three fiscal years, with adjusted estimates reflecting gold price volatility. Over the past 90 days, 13 institutions have issued ratings, including 10 Buy and 3 Overweight, with a consensus target price of 53.74 HKD, providing valuation support for the near-term rebound.

Within the Gold sector, the broader group staged a recovery. Among peers, LINGBAO GOLD rose 3.7%, ZIJIN GOLD INTL rose 1.99%, SD GOLD rose 1.8%, CHINAGOLDINTL rose 1.78%, and ZHAOJIN MINING rose 1.38%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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