Date of Data Capture:
12/05/2021
Name:
NEW CENTURY RESOURCES LTD (NCZ)
Classification:
Diversified Mining
Current Price:
$0.21
Market Capitalisation:
$254 M
Forecast EBITDA Growth:
54.46%
Yield Estimate:
9.30%
Consensus Price Target:
$0.33
# Covering Analysts:
2
Discount at Current Price:
-57.14%
Price Target Trend (3-Month):
Flat-Down +-X%
Signal Timeframe:
Quarterly-Weekly-Daily
Trend Bias:
Up-Down / Long-Medium
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive
Long-term:
Positive-Neutral
Recommendation:
Buy
Focus:
(Dividend Income) & Capital Growth
Set up Notes:
• Zinc, lead and silver miner NCZ has slumped in steep decline over the last 3 years, but looks to be emerging into a new uptrend here, based on good earnings growth and strong forecasting.
• Refurbishing a mine is difficult and performance suffered, but recent strong 1st quarter earnings support expectations for positive cash flow this year, giving confidence, along with the discount to analyst targets and excellent recent drilling.
• A deeply cyclical stock, with huge up-and-down trends, this is one to time right - and this might be it - with good sector/commodity forecasting and strong multi-timeframe signalling showing here, with plenty of price targets higher above.
Support ($): 0.20, 0.175, 0.15, 0.125 & 0.10.
Resistance ($): 0.25, 0.30, 0.40, 0.50, 0.60…
