In a report released today, Shuhang Jiang from Jefferies maintained a Buy rating on China Molybdenum Co (CMCLF – Research Report), with a price target of HK$6.90. The company’s shares opened today at $0.77.
According to TipRanks, Jiang is ranked #6973 out of 9257 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for China Molybdenum Co with a $1.01 average price target, representing a 31.19% upside. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a HK$8.00 price target.
CMCLF market cap is currently $19.46B and has a P/E ratio of 7.74.
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China Molybdenum Co (CMCLF) Company Description:
China Molybdenum Co. Ltd. engages in the mining and processing, smelting, deep processing, trade and research of molybdenum, tungsten, copper, cobalt, niobium, gold and other precious and base metals. It operates through the following segments: Molybdenum Tungsten Related Products, Gold & Silver Related Products, Electrolytic Lead, Copper & Gold-Related Products and others. The company was founded on August 25, 2006 and is headquartered in Luoyang, China.
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