Zijin Mining Group Co Ltd-H (2899) fair value: what the stock is really worth
We calculate from audited financials what Zijin Mining Group Co Ltd-H is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Zijin Mining Group Co Ltd-H
2899 · HKStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range HK$6.62 – HK$45.50 · fair‑value band HK$9.49 – HK$34.94 · the HK$34.14 price screens above the HK$18.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Company profile
Zijin Mining Group Company Limited, together with its subsidiaries, engages in exploration and extraction of metals in Mainland China and internationally.
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Zijin Mining Group Company Limited, together with its subsidiaries, engages in exploration and extraction of metals in Mainland China and internationally. The company offers copper, gold, zinc concentrate, lead concentrate, silver, lithium, iron concentrate, tungsten concentrate, and molybdenum concentrate; smelted copper, smelted and processed gold and silver, smelted zinc ingots, sulfuric acid, and battery -grade lithium carbonate; and copper pipes, copper plates and strips, potassium gold cyanide, and other products. It is also involved in mineral resource exploration; gold and copper mining and beneficiation; gold and copper smelting ; sales of jewelry and mineral products; investment in the mining industry; foreign trade; open-pit mining of copper and gold mines and underground mining of copper mines; manufacturing of special equipment for environmental protection; air pollution control; water pollution control; solid waste treatment; waste incineration power generation and hazardous waste disposal; and other services. The company holds 100% interest in the Shapinggou Molybdenum mine in Jinzhai County, Anhui Province. The company was formerly known as Fujian Zijin Mining Industry Company Limited and changed its name to Zijin Mining Group Company Limited in June 2004. Zijin Mining Group Company Limited was founded in 1986 and is headquartered in Longyan, the People's Republic of China.
Stock analysis
Zijin Mining Group Co Ltd-H (2899) currently trades at HK$34.14, while our model-based Fair Value estimate is HK$18.24, implying the stock looks roughly 87.2% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$50.85 per share, and 15 of the 26 models we run sit above the HK$34.14 price.
Bear case: the Asset-Based group reads lowest at HK$4.64, and 11 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$9.49 (bear) to HK$34.94 (bull), the price of HK$34.14 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Zijin Mining Group Co Ltd-H reported revenue of 349B CNY in FY2025 versus 225B CNY in FY2021, a compound +11.6%/yr. Reported net income was 51.8B CNY in FY2025, compounding +34.8%/yr from FY2021.
Key figures
Market cap HK$907B (≈ $116B) · P/E ratio 11.4 · P/S ratio 1.68 · EPS (TTM) HK$2.28 · Dividend yield 2.7% · Net margin 14.8% · Return on equity 33.8% · Return on assets (EBIT) 11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 97% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −47%, 2899 screens richer than that median.
Fair Value models
All 26 models by family
Notify me when 2899 reaches fair value
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Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 49
Revenue & earnings trend
Growth Forecast
2899 screens 87% overvalued. Compare with Newmont Corporation →
Compare Zijin Mining Group Co Ltd-H with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 242 stocks
Valuation Multiplesvs Gold median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $128.00 | $175.41 | +37% |
| Agnico Eagle Mines Limited AEM | $196.90 | $222.49 | +13% |
| Barrick Mining Corporation B | $42.55 | $60.62 | +42% |
| Franco-Nevada Corporation FNV | $263.09 | $289.40 | +10% |
| Wheaton Precious Metals Corp WPM | C$213.75 | C$112.10 | −48% |
| AngloGold Ashanti plc AU | $99.74 | $88.63 | −11% |
| Kinross Gold Corporation KGC | $27.82 | $51.02 | +83% |
| Royal Gold, Inc RGLD | $245.51 | $270.06 | +10% |
| Lundin Gold Inc LUG | C$90.28 | C$127.12 | +41% |
| Pan American Silver Corp PAAS | $47.56 | $58.18 | +22% |
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Frequently asked questions
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Key figures of Zijin Mining Group Co Ltd-H
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