1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Newcrest Mining Limited
  6. News
  7. Summary
    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-08-17 am EDT
19.22 AUD   +0.73%
10:36aHeadwater Gold Says Newcrest Mining Signs Four Earn-In Agreements, Buying Equity Interest
MT
08:39aCornerstone Capital Resources Says Newcrest To Withdraw From Option, Farm-in Agreement Over Miocene Project
MT
07:48aNEWCREST AND CORNERSTONE BRIEF : Newcrest Withdraws from Option and Farm-in Agreement for the Miocene Project in Chile
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Australian shares post biggest monthly drop in four on subdued data

05/31/2022 | 02:54am EDT

* ASX 200, NZX 50 mark worst month in four

* Fintech firm Tyro Payments top loser on ASX 200

* Australian financials stocks fall over 3% in May (Updates to close)

May 31 - Australian shares ended lower on Tuesday, posting their biggest monthly drop in four, with technology and financial stocks leading losses, as higher first-quarter imports raised uncertainty about upcoming growth data and interest rate hikes.

The S&P/ASX 200 index closed 1% lower at 7211.2. The benchmark has lost more than 3% in May.

Australia's current account surplus shrank unexpectedly in the first quarter, partly due to a jump in imports, fuelling uncertainty over the GDP data releasing Wednesday, a vital data point in determining the scale of the next interest rate move by its central bank.

"One can expect the share market to remain volatile following the release of March quarter GDP data, which will be closely watched by the RBA for its interest rate decision next week," said Kunal Sawhney, chief executive officer of Kalkine Group.

Still, analysts at RBC raised their first-quarter GDP outlook to 1.1% from 0.7% earlier, buoyed by a much stronger inventory build up coupled with upside government expenditure.

Broader sentiment was also subdued in early Asian trading though it recovered, helped by after upbeat factory activity data and details of new policy support in China.

Financials, down 2%, fell most since May 6. All top four banks in Australia dropped between 1.4% and 2.8%.

Technology stocks snapped a three-day rally, falling 1.9%. Sector majors Xero, Block and Wisetech Global slipped between 2.5% and 3.2%.

Fintech company Tyro Payments was the top loser on the benchmark among individual stocks, slumping 6.6%.

Bucking the trend, gold stocks surged 0.4% to a near one-week high, with heavyweights Newcrest Mining and Evolution Mining adding 0.1% and 0.5%, respectively.

New Zealand's S&P/NZX 50 rose 1.5% to 11308.3, but ended more than 4.8% lower for the month. (Reporting by Roushni Nair in Bengaluru; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EVOLUTION MINING LIMITED 0.37% 2.69 Delayed Quote.-33.99%
NEWCREST MINING LIMITED 0.73% 19.22 Delayed Quote.-21.49%
S&P/ASX 200 0.31% 7127.7 Real-time Quote.-4.56%
TYRO PAYMENTS LIMITED -1.58% 0.935 Delayed Quote.-67.31%
WISETECH GLOBAL LIMITED 0.87% 54.61 Delayed Quote.-6.78%
XERO LIMITED 0.86% 97.59 Delayed Quote.-31.59%
All news about NEWCREST MINING LIMITED
10:36aHeadwater Gold Says Newcrest Mining Signs Four Earn-In Agreements, Buying Equity Intere..
MT
08:39aCornerstone Capital Resources Says Newcrest To Withdraw From Option, Farm-in Agreement ..
MT
07:48aNEWCREST AND CORNERSTONE BRIEF : Newcrest Withdraws from Option and Farm-in Agreement for ..
MT
07:45aNewcrest Withdraws from Option and Farm-in Agreement for the Miocene Project in Chile
AQ
08/11Banks, miners drag Australian shares lower
RE
08/09Gold, tech stocks lift Australian shares higher; NAB slips (Aug 9)
RE
08/05Australian shares gain for third straight week on miners, gold boost
RE
08/04Australian shares head for third straight weekly gain
RE
08/04Newcrest Mining Limited - Cadia ventilation rise remediation progressing with no produc..
AQ
08/04Newcrest Announces - Cadia Vent Rise Remediation Progressing with No Production Impacts..
AQ
More news
Analyst Recommendations on NEWCREST MINING LIMITED
More recommendations
Financials (USD)
Sales 2022 4 248 M - -
Net income 2022 869 M - -
Net Debt 2022 1 567 M - -
P/E ratio 2022 12,7x
Yield 2022 1,90%
Capitalization 11 846 M 11 846 M -
EV / Sales 2022 3,16x
EV / Sales 2023 2,69x
Nbr of Employees 5 304
Free-Float 99,1%
Chart NEWCREST MINING LIMITED
Duration : Period :
Newcrest Mining Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 13,30 $
Average target price 17,93 $
Spread / Average Target 34,8%
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
1st jan.Capi. (M$)
NEWCREST MINING LIMITED-21.49%11 922
NEWMONT CORPORATION-25.75%36 549
BARRICK GOLD CORPORATION-9.98%29 769
AGNICO EAGLE MINES LIMITED-14.41%20 717
POLYUS-35.94%18 503
WHEATON PRECIOUS METALS CORP.-19.99%15 236