Zijin Mining Group C

601899
End-of-day quote SHANGHAI STOCK EXCHANGE - 02/20
4.59CNY
0%

Zijin Mining Group Company Limited : Expect the comeback of a strong trend

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David Meurisse
Contributor / Partner

Strategy published on : 02/13/2020 | 10:22

long trade
Live

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.

Strengths

● 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


Weaknesses

● 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.

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