MMG's Earnings Outlook Remains Strong, Citi Says

Dow Jones
12 hours ago

0024 GMT - MMG earnings will get a boost mainly from higher copper prices and lower cost assumptions at its Las Bambas mine, Citi analyst Jimmy Feng says in a note. The bank revised its earnings estimates upward for 2026-28 following the metal miner's first-half performance. Citi also raised the stock's target price to 12.00 Hong Kong dollars from HK$11.20, while maintaining a buy rating. Shares closed 1.7% higher at HK$9.78 Wednesday.

 

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