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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  12:10:06 2023-02-07 am EST
24.95 AUD   +1.71%
01:44aBarrick rules out rival bid for Australia's Newcrest - Bloomberg
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02/06Materials Down as Dollar Rises -- Materials Roundup
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02/06Toronto market hits one-week low as mining shares slide
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Australian shares rise on mining, energy boost

09/26/2022 | 09:06pm EST

Sept 27 (Reuters) - Australian shares edged up on Tuesday, boosted by mining and energy stocks, as investors took a breather after a sharp selloff spurred by expectations of higher interest rates by the U.S. central bank raised fears of an economic slowdown.

The S&P/ASX 200 index advanced 0.5% by 0016 GMT. The benchmark hit a three-month low on Monday and has lost about 3.4% since the U.S. Federal Reserve last week hiked interest rates by 75 basis points for the third consecutive time.

Investors back home took a breather after a steep sell-off, even as markets globally continued to show weakness after U.S. Fed officials sloughed off rising volatility in global markets, and said their priority remained controlling domestic inflation.

Miners led the gains, jumping 1.8% with iron ore behemoths BHP and Rio Tinto up over 1% each.

Energy Stocks rose 1.7%, with oil and gas major Woodside Energy gaining 1.2%.

Santos rose 1.4% after the gas explorer said it received a $1.4 billion binding offer from Papua New Guinea's state-owned Kumul Petroleum for a 5% stake in the PNG liquefied natural gas project.

Financials and tech index were marginally down 0.02% and 0.06%, respectively.

Gold Stocks jumped 0.6%, with the country's largest gold miner Newcrest Mining advancing 1%.

Separately, Star Entertainment gained 0.8% after it had developed a comprehensive remediation plan, after an inquiry found the casino operator unfit to hold a casino licence in Sydney.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index dropped 0.5% to 11,376.33.

The country's finance minister Grant Robertson said inflation is likely to moderate but it won't be a quick drop back to the levels that people are used to seeing. (Reporting by Navya Mittal in Bengaluru; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 1.11% 0.69651 Delayed Quote.1.54%
BHP GROUP LIMITED -0.39% 48.01 Delayed Quote.5.63%
BRENT OIL 2.73% 83.63 Delayed Quote.-6.97%
BRITISH POUND / US DOLLAR (GBP/USD) 0.25% 1.20564 Delayed Quote.-0.43%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.30% 0.7458 Delayed Quote.1.04%
EURO / US DOLLAR (EUR/USD) 0.05% 1.07373 Delayed Quote.0.81%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.13% 0.012071 Delayed Quote.0.62%
NAVYA 0.67% 0.03 Real-time Quote.-17.81%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.52% 0.63393 Delayed Quote.-0.36%
NEWCREST MINING LIMITED 1.71% 24.95 Delayed Quote.18.85%
RIO TINTO PLC 0.56% 6081 Delayed Quote.4.29%
S&P/ASX 200 -0.46% 7504.1 Real-time Quote.7.11%
SANTOS LIMITED 0.57% 7.05 Delayed Quote.-1.82%
THE STAR ENTERTAINMENT GROUP LIMITED -1.04% 1.9 Delayed Quote.8.47%
WOODSIDE ENERGY GROUP LTD 0.31% 36.16 Delayed Quote.1.72%
WTI 3.24% 76.965 Delayed Quote.-8.77%
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Analyst Recommendations on NEWCREST MINING LIMITED
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Financials (USD)
Sales 2023 4 644 M - -
Net income 2023 756 M - -
Net Debt 2023 1 364 M - -
P/E ratio 2023 19,7x
Yield 2023 1,43%
Capitalization 15 278 M 15 278 M -
EV / Sales 2023 3,58x
EV / Sales 2024 3,69x
Nbr of Employees 5 304
Free-Float 99,2%
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
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 17,15 $
Average target price 17,85 $
Spread / Average Target 4,12%
EPS Revisions
Managers and Directors
Sherry Duhe Chief Executive Officer
Daniel O'Connell Chief Financial Officer & Group Treasurer
Peter William Tomsett Independent Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Craig Antony Jones Chief Operating Officer
Sector and Competitors
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