研報掘金丨平安證券:首予赤峯黃金“推薦”評級,盈利能力高於行業平均水平
平安證券研報指出,認為特朗普政府執政背景下,美元信用走弱仍是長期助推金價進入趨勢上升的核心主線。央行購金節奏預計仍將持續,黃金價格中樞有望逐步走高。赤峯黃金(600988.SH)黃金業務純度較高,在金價上升趨勢下有望充分受益。同時公司具有較高的成本優勢,盈利能力高於行業平均水平,享有更高的業績彈性。隨着國內外擴建礦山項目的逐步落地,公司礦產金產量也將實現穩步提升,量增邏輯進一步打開公司業績成長空間。首次覆蓋給予“推薦”評級。
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