大行評級|瑞銀:首予招金目標價17.9港元 預計2024至26年金價將保持強勁穩定
瑞銀髮表報吿,首予招金“買入”評級,目標價為17.9港元,基於2025年30倍市盈率預測。
瑞銀全球貴金屬團隊預計,2024至2026年金價將保持強勁穩定,並將金價預測上調至每盎司2,365至2,775美元。該行模型亦顯示,過去三年中,招金是所有AH股黃金股中對金價最敏感的股票。報吿指,招金憑藉即將投產的海域金礦項目以及收購在澳洲上市的礦商Tietto,預計招金的黃金開採量將在2028年達到46噸,2023至2028年的年均複合增長率為27%,成為中國第三大黃金開採商。該行預測,公司2023至2026年的盈利年複合增長率將達到85%。
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