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PhillipCapital's Liu and Chew raise target price for CNMC Goldmine to 70 cents

The Edge Singapore
The Edge Singapore  • 1 min read
PhillipCapital's Liu and Chew raise target price for CNMC Goldmine to 70 cents
Photo: CNMC Goldmine
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Liu Miaomiao and Paul Chew of PhillipCapital have maintained their "buy" call on CNMC Goldmine Holdings after the company posted 1HFY2025 results that beat their expectations.

The company is also paying total interim dividends of 1.5 cents per share, implying a payout ratio of 29%.

Earnings for the six months ended June was US$19.4 million, up 41% y-o-y, thanks to both higher production volumes and loftier average selling prices.\

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