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  5. Newcrest Mining Limited
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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  09:54 2022-10-06 pm EDT
18.15 AUD   +1.40%
10/03Australian shares eye best day since late-Jan ahead of RBA decision
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09/30Australian shares mark worst month since June on recession woes
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09/29Australian shares set for worst month in three on recession risks
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Australia shares slip ahead of inflation data, Fed decision

07/26/2022 | 09:29pm EDT

July 27 (Reuters) - Australian shares inched lower on Wednesday as caution prevailed ahead of local inflation data and a U.S. Federal Reserve policy statement.

The S&P/ASX 200 index had slipped 0.16% by 0101 GMT after rising 0.07% in early trade. The benchmark rose 0.26% on Tuesday.

Economists polled by Reuters see Australia's year-on-year headline inflation hitting 6.3% in the second quarter, the highest since 1990. Meeting or beating it could support the Aussie by ramping up interest rate-hike expectations.

Investors are expecting a 75-basis-point Fed rate increase, with markets pricing about a 10% risk of a larger hike. They are also waiting to see whether economic warning signs prompt a shift in rhetoric.

In Australia, gold stocks rose 2.3% on the back of higher bullion prices and were among the top gainers on the benchmark. Newcrest Mining, the country's largest gold miner, climbed 1.6%.

Technology stocks shed 0.67%, leading losses on the benchmark after a weak Wall Street session overnight as downbeat U.S. consumer confidence data fuelled fears about an economic slowdown.

ASX-listed shares of Block Inc fell 3.8% and were the top losers on the sub-index.

Miners dropped 0.16% even after iron ore futures touched two-week highs on Tuesday. BHP Group and Rio Tinto slipped 0.7% and 0.8%, respectively.

Energy stocks lost 0.11% after oil prices settled lower overnight. Woodside Energy Group jumped 0.9%, while Santos declined 0.1%.

Financials slid 0.09%, but the big four banks were up between 0.04% and 0.72%.

Among individual stocks, Westpac rose 0.33% as it announced plans to reduce its lending to coal, oil and gas companies, and said it would entirely shift to renewable electricity for its own operations by 2025.

New Zealand's benchmark S&P/NZX 50 index climbed 0.46% to 11217.66. (Reporting by Navya Mittal in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.11% 0.64271 Delayed Quote.-10.29%
BHP GROUP LIMITED -1.08% 40.35 Delayed Quote.23.42%
BLOCK, INC. -0.35% 61.93 Delayed Quote.-61.66%
BRITISH POUND / US DOLLAR (GBP/USD) 0.00% 1.11658 Delayed Quote.-15.37%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.03% 0.72795 Delayed Quote.-6.41%
EURO / US DOLLAR (EUR/USD) 0.05% 0.9796 Delayed Quote.-12.82%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.02% 0.012149 Delayed Quote.-8.58%
LONDON BRENT OIL -0.67% 94.23 Delayed Quote.17.76%
NAVYA -3.97% 0.167 Real-time Quote.-91.89%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.13% 0.5673 Delayed Quote.-16.09%
NEWCREST MINING LIMITED 1.34% 18.15 Delayed Quote.-26.88%
S&P/ASX 200 -0.51% 6782.2 Real-time Quote.-8.45%
SANTOS LIMITED 1.81% 7.89 Delayed Quote.20.60%
WESTPAC BANKING CORPORATION -0.32% 21.87 Delayed Quote.3.75%
WOODSIDE ENERGY GROUP LTD 0.27% 34.84 Delayed Quote.54.45%
WTI -0.65% 88.378 Delayed Quote.16.82%
All news about NEWCREST MINING LIMITED
10/03Australian shares eye best day since late-Jan ahead of RBA decision
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09/30Australian shares mark worst month since June on recession woes
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09/29Australian shares set for worst month in three on recession risks
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09/29Australia shares mark best day in three months on resources boost
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09/28Australian shares track global markets higher as BoE seeks to quell UK bond rout
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09/27Miners, energy stocks lift Australian shares despite recession jitters
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More news
Analyst Recommendations on NEWCREST MINING LIMITED
More recommendations
Financials (USD)
Sales 2023 4 681 M - -
Net income 2023 783 M - -
Net Debt 2023 1 487 M - -
P/E ratio 2023 13,0x
Yield 2023 1,99%
Capitalization 10 262 M 10 262 M -
EV / Sales 2023 2,51x
EV / Sales 2024 2,63x
Nbr of Employees 5 304
Free-Float 99,3%
Chart NEWCREST MINING LIMITED
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Newcrest Mining Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 11,52 $
Average target price 16,43 $
Spread / Average Target 42,7%
EPS Revisions
Managers and Directors
Sandeep Biswas Chief Executive Officer, MD & Executive Director
Sherry Duhe Chief Financial Officer
Peter William Tomsett Independent Non-Executive Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Phil Stephenson Chief Operating Officer-Australia & Americas
Sector and Competitors
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POLYUS-35.94%18 703
WHEATON PRECIOUS METALS CORP.-14.46%15 348