|Contributor / Partner
Strategy published on : 02/13/2020 | 10:22
Entry price : 4.32CNY
Target : 5.39CNY
Stop-loss : 3.77CNY
Potential : 24.77%
The price of Zijin Mining Group Company Limited shares is range-bound. This phase will end sooner or later when volatility comes back.
Investors have an opportunity to buy the stock and target the CNY 5.39.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The tendency within the weekly time frame is positive above the technical support level at 3.96 CNY
● The company does not generate enough profits, which is an alarming weak point.
● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
● For the past year, analysts have significantly revised downwards their profit estimates.