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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Zijin Mining Group Company Limited    2899   CNE100000502

ZIJIN MINING GROUP COMPANY LIMITED

(2899)
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Zijin Mining Group Company Limited : There is still some upside potential

10/23/2020 | 02:46am EST
10/23/2020 | 02:46am EST
long trade
Target price hit
Entry price : 5.92HKD | Target : 7.3HKD | Stop-loss : 4.9HKD | Potential : 23.31%
Shares in Zijin Mining Group Company Limited show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the HKD 7.3.
Zijin Mining Group Company Limited : Zijin Mining Group Company Limited : There is still some upside potential
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The stock is in a well-established, long-term rising trend above the technical support level at 3.88 HKD

Weaknesses
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

© Zonebourse.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2020 172 B 26 156 M 26 156 M
Net income 2020 6 351 M 966 M 966 M
Net Debt 2020 43 374 M 6 595 M 6 595 M
P/E ratio 2020 30,8x
Yield 2020 1,66%
Capitalization 251 B 32 322 M 38 089 M
EV / Sales 2020 1,71x
EV / Sales 2021 1,46x
Nbr of Employees 19 963
Free-Float 74,6%
Upcoming event on ZIJIN MINING GROUP COMPANY LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 6,77 CNY
Last Close Price 7,55 CNY
Spread / Highest target 20,7%
Spread / Average Target -10,4%
Spread / Lowest Target -30,4%
EPS Revisions
Managers
NameTitle
Lai Chang Zou President & Executive Director
Shui Qing Lin Chairman-Supervisory Board
Jing He Chen Chairman
Kai Xi Jiang Chief Scientist & Engineer
Fu Sheng Lan Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ZIJIN MINING GROUP COMPANY LIMITED96.91%32 120
NEWMONT CORPORATION32.98%46 597
BARRICK GOLD CORPORATION23.55%41 323
POLYUS110.58%26 755
FRANCO-NEVADA CORPORATION26.22%24 813
WHEATON PRECIOUS METALS CORP.33.75%17 838