0128 GMT - Zijin Gold International gains a new bull at Citi Research with its gold volume growth outpacing peers. This is likely due to the Chinese gold miner benefiting from newly acquired assets and expansions while carrying out effective cost control measures, the Citi analysts say in a note. The company's average acquisition cost is below the sector's, thanks to its use of the mergers and acquisitions team from parent company Zijin Mining. Citi expects Zijin Gold's equity-attributable gold output to grow at a 17% compound annual growth rate over 2025-2028. Citi initiates coverage with a buy rating and target price of 178.00 Hong Kong dollars. Shares are up 5.0% at HK$141.80.
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