CNMC Goldmine - Lim & Tan Securities 2025-02-06: All That Glitters Is Gold

CNMC Goldmine - All That Glitters Is Gold

Published:
CNMC Goldmine (SGX:5TP) | SGinvestors.io
  • We initiate a BUY rating on CNMC Goldmine (SGX:5TP) with a target price of S$0.43, pegged to a blend of 12.2x FY24F P/E (peers average) and DCF.
  • CNMC Goldmine is a prime beneficiary of rising gold prices amidst global uncertainties and increasing demand for the safe-haven asset. Gold prices rose 26% in 2024 and remain elevated at an all-time high US$2,880/oz in Feb’25. The company has diversified into lead and zinc and expects increased gold production capacity from the first half of 2025.
  • - Read this at SGinvestors.io -

Sky-high gold prices to boost bottom-line.

  • - Read this at SGinvestors.io -
  • Demand for gold was boosted by factors including central bank purchases, geopolitical tensions, interest rate cuts and a hedge against inflation. Average gold prices have risen from US$1,960/ oz in 2023 to US$2,266/oz in the first half of 2024, closing at US$2,624/oz at the end of the year.
  • CNMC Goldmine's 1H24 net profit has already soared 160% y-o-y and we continue to expect higher gold prices to contribute significantly towards its bottom-line.

Expansion of gold production capacity by 2025.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by Lim & Tan Securities Research.
Clients of Lim & Tan Securities may be the first to access the full PDF report @ https://www.limtan.com.sg/.



Chan En Jie Lim & Tan Securities Research | https://www.limtan.com.sg/ 2025-02-06



Read also LIM's most recent report:
2025-03-20 CNMC Goldmine - Go For Gold!.

Price targets by 2 other brokers at CNMC Goldmine Target Prices.

Listing of research reports at CNMC Goldmine Analyst Reports.

Relevant links:
CNMC Goldmine Share Price History,
CNMC Goldmine Announcements,
CNMC Goldmine Dividend Payout Dates & Corporate Actions,
CNMC Goldmine News






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