Date of Data Capture: 09/11/2020
Name: NEW CENTURY RESOURCES LTD (NCZ)
Classification: Zinc Mining
Current Price: $0.17
Market Capitalisation: $183 M
Forecast EBITDA Growth: N/A (Cashflow +ve 2021)
Yield Estimate: 0%
Consensus Price Target: $0.43
# Covering Analysts: 2
Discount at Current Price: -60.47%
Price Target Trend (3-Month): Flat-Down -14.00%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Zinc miner NCZ has been galvanising investor hopes with improving performance and price strength as the company continues to recover, supported by strong zinc commodity markets.
• An early-stage recovery play refurbishing an operating mine, and could have the timing right as zinc pricing firms and the company continues to ramp production and lower costs – currently excellent discount to consensus price targets.
• The huge run in 2017 has consolidated back over the last two years, establishing a good support base beneath current pricing with multi-timeframe momentum signalling emerging here.
Support ($): 0.15, 0.125 & 0.10.
Resistance ($): 0.20, 0.25, 0.30, 0.40 & 0.50.