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BOCI Reiterates Rating at Buy on CGN MINING (01164.HK) w/ TP $2.4
04 Jun 2025 14:40
CGN MINING (01164.HK) recently signed a new pricing framework agreement for 2026 to 2028 with its parent company, according to BOCI's research report.

The new pricing formula is set at 30% of base price and 70% of spot price. The broker believed that the new pricing formula reflects the Company's optimistic price forecast and sound corporate governance.

Therefore, BOCI reiterated rating at Buy on CGN MINING, with a target price of $2.4, and remained optimistic about the Group's prospects in the natural uranium bull market. Considering the future supply-demand gap, the broker believed that the bull market is far from ending.
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