Growth Focus: New Century Zinc Ltd (NCZ)

by Patrick Taylor



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

Indicators:
Short-term: Positive-Neutral
Medium-term: Positive
Long-term: Positive

Recommendation: Buy

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.


Disclaimer

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