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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-09-28 am EDT
16.07 AUD   +0.25%
09/27Miners, energy stocks lift Australian shares despite recession jitters
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09/26Australian shares rise on mining, energy boost
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09/26Antipa Minerals Limited - SHARE PURCHASE PLAN OPENS OFFER LETTER AND PROSPECTUS
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Australian shares rise on mining, gold boost; NZ jumps

07/27/2022 | 09:05pm EDT

July 28 (Reuters) - Australian shares rose on Thursday, lifted by miners and gold stocks, while the U.S Federal Reserve delivered an expected rate hike and eased fears about the pace of future increases.

The S&P/ASX 200 index added 0.8% by 0025 GMT. The benchmark had ended 0.23% higher on Wednesday.

Fed Chair Jerome Powell pushed back on recession fears in the United States, suggesting that the economy is softening, and raised rates by an expected three-quarters making it the fastest tightening of monetary policy since 1980s.

Domestic miners gained 1.6% on higher iron ore prices as profits at industrial firms in top steel producer China rebounded last month.

Global miners BHP Group and Rio Tinto advanced 1.6% and 0.6%, respectively.

Fortescue Metals rose 0.8% after it forecast higher iron ore shipments for the next year and logged record quarterly shipments despite a tight labour market and higher costs.

Energy stocks jumped 0.6%, with oil and gas major Woodside Energy Group and Santos up 1.4% and nearly 2%, respectively.

Strong bullion prices led gold stocks to climb 1.4%, with the country's largest gold miner Newcrest Mining gaining 0.9%.

Technology stocks added 2.5% were among the top gainers on the benchmark after tracking sharp gains of its Wall Street peers.

ASX-listed shares of Block Inc scaled 4.6% higher, while battery maker Novonix soared 10.7% leading the gains on the sub-index.

Financials rose 0.8%, with the so-called big four banks gaining between 0.4% and 0.7%.

New Zealand's benchmark S&P/NZX 50 index jumped 1.6% to 11,306.98 points. (Reporting by Navya Mittal in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 1.21% 0.6511 Delayed Quote.-10.87%
BHP GROUP LIMITED 0.13% 37.25 Delayed Quote.13.36%
BLOCK, INC. 7.24% 59.07 Delayed Quote.-65.90%
BRITISH POUND / US DOLLAR (GBP/USD) 1.24% 1.08574 Delayed Quote.-20.44%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.70% 0.7337 Delayed Quote.0.00%
EURO / US DOLLAR (EUR/USD) 1.31% 0.97202 Delayed Quote.-15.60%
FORTESCUE METALS GROUP LIMITED -2.14% 16.46 Delayed Quote.-12.44%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.36% 0.012283 Delayed Quote.-8.75%
LONDON BRENT OIL 3.46% 89.15 Delayed Quote.7.68%
NAVYA -8.62% 0.2056 Real-time Quote.-89.08%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 1.60% 0.57196 Delayed Quote.-17.14%
NEWCREST MINING LIMITED 0.25% 16.07 Delayed Quote.-34.35%
NOVONIX LIMITED -4.30% 1.78 Delayed Quote.-80.63%
S&P/ASX 200 -0.53% 6462 Real-time Quote.-12.74%
SANTOS LIMITED -1.29% 6.86 Delayed Quote.10.14%
WOODSIDE ENERGY GROUP LTD 0.26% 30.75 Delayed Quote.39.85%
WTI 4.04% 81.773 Delayed Quote.4.16%
All news about NEWCREST MINING LIMITED
09/27Miners, energy stocks lift Australian shares despite recession jitters
RE
09/26Australian shares rise on mining, energy boost
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09/26Antipa Minerals Limited - SHARE PURCHASE PLAN OPENS OFFER LETTER AND PROSPECTUS
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09/26Australia shares end at three-month low as strong dollar hits commodity prices
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09/25Australian shares hit three-month low on slowdown worries
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09/20Australia shares fall as commodity, bank stocks weigh; Fed rate decision in focus
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09/20Antipa Minerals Limited - SETTLEMENT OF $9M PLACEMENT FUNDS
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09/18Mining, gold stocks support Australian shares ahead of Fed meet
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09/16Antipa Minerals Limited - NEWCREST EXERCISES TOP-UP RIGHT TO MAINTAIN 9.9% SHAREHOLDING
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09/15Australian shares fall on Fed rate hike jitters
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More news
Analyst Recommendations on NEWCREST MINING LIMITED
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Financials (USD)
Sales 2023 4 791 M - -
Net income 2023 843 M - -
Net Debt 2023 1 350 M - -
P/E ratio 2023 10,8x
Yield 2023 2,20%
Capitalization 9 277 M 9 277 M -
EV / Sales 2023 2,22x
EV / Sales 2024 2,32x
Nbr of Employees 5 304
Free-Float 99,2%
Chart NEWCREST MINING LIMITED
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Technical analysis trends NEWCREST MINING LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 10,42 $
Average target price 16,90 $
Spread / Average Target 62,3%
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-34.35%9 197
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BARRICK GOLD CORPORATION-19.00%24 889
POLYUS-35.94%19 146
AGNICO EAGLE MINES LIMITED-29.15%17 129
WHEATON PRECIOUS METALS CORP.-25.33%13 313