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.
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