Analysts set CNY 42.90 target for Jiangxi Copper stock

Published on 10/02/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 19.53 percent in the first half of 2026. Jiangxi Copper stock is EUR 3.72 on October 2, 2026 after EUR 3.70, plus 0.54 percent.

Jiangxi Copper, CNE1000003K3, Illustration mit AI erstellt.

Jiangxi Copper (ISIN CNE1000003K3) received a CNY 42.90 target for its A shares and a Hold rating in a report dated September 23, 2026. According to Futu, the report linked the cautious view to pressure on the company’s smelting operations even as copper supply remains tight.

Profit growth reshapes the picture

Jiangxi Copper reported operating revenue of RMB 307.15 billion for the six months ended June 30, 2026, up 19.53 percent from the same period a year earlier. FilingReader reported that net profit attributable to shareholders rose 106.77 percent to RMB 8.63 billion, while basic earnings per share increased to RMB 2.50 from RMB 1.21.

The operating improvement was broad but not risk-free. Copper cathode output reached 1.26 million tonnes in the first half, and the company completed its acquisition of a 100 percent interest in SolGold for approximately RMB 6.97 billion, according to FilingReader. The acquisition expands copper and gold resources, but the same report said SolGold contributed a net loss of RMB 112 million from the acquisition date.

Smelting pressure meets copper demand

The September 23 sector analysis distinguishes Jiangxi Copper from more upstream miners. Futu cited negative treatment charges and refining charges as a sign of concentrate scarcity, while warning that weaker smelting economics limit valuation recovery. That explains the gap between the strong first-half profit figures and the CNY 42.90 A-share target.

Jiangxi Copper is scheduled to report third-quarter 2026 results on October 28, 2026, according to Simply Wall St. The next report will show whether higher copper prices and expanded resources can offset continuing pressure in the smelting chain.

Stock price and next report

Jiangxi Copper was trading at EUR 3.72 at Lang & Schwarz on October 2, 2026 at 3:07 p.m. CEST, up 0.54 percent versus the EUR 3.70 prior close at Lang & Schwarz on October 1, 2026. The primary listing is Shanghai Stock Exchange ticker 600362.