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  5. Newcrest Mining Limited
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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
  Report
Delayed Australian Stock Exchange  -  07:18 2022-12-01 pm EST
21.27 AUD   +2.95%
11/30Australian shares jump after Powell signals slowdown in rate hikes
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11/29Australian shares fall; focus on Powell's speech, China data
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Australian shares set for worst month in three on recession risks

09/29/2022 | 09:20pm EST

Sept 30 (Reuters) - Australian shares were set for a third weekly loss on Friday and the worst month in three, tracking a broad global selloff, as recession fears sapped stocks after the U.S. Federal Reserve failed to provide any clues on tempering its hawkish stance.

The S&P/ASX 200 index was down 0.5%, as of 0020 GMT. The benchmark was on track for its biggest monthly drop since June.

Investors added another cycle of selling after Fed officials gave no indication about the U.S central bank changing its view on rate hikes, leaving investors skittish about a potential recession in the country.

Back home, the Australian central bank is likely to hike interest rate by another 50 basis points in October in its most aggressive tightening cycle since 1990s to curb red-hot inflation, according to a Reuters Poll.

Tech index was the top loser, slipping 1.4% with ASX-listed shares of Block dropping 3.5%.

Energy stocks lost 0.3% and were on track for their worst month since last November. Sector heavyweights Woodside Energy and Santos dipped 0.06% and 0.1%, respectively.

Financials dropped 0.8% with the "Big Four" banks slumping nearly 1% each.

Bucking the sombre mood, miners advanced 0.7% as iron ore futures were boosted by increased construction activity in top steel producer China.

Iron ore behemoths BHP and Rio Tinto added 1.5% and 2%, respectively.

Gold stocks were the top gainers, jumping 1.1% on strong bullion prices with the country's largest gold miner Newcrest Mining rising 0.4%.

New Zealand's benchmark S&P/NZX 50 index slid 1.6% to 1106.88 points.

The Reserve Bank of New Zealand is expected to deliver its fifth half-point interest rate hike next week and in November, a Reuters poll of economists predicted. (Reporting by Navya Mittal in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.21% 0.67967 Delayed Quote.-7.95%
BHP GROUP LIMITED -0.80% 46.1 Delayed Quote.38.72%
BRITISH POUND / US DOLLAR (GBP/USD) -0.12% 1.22438 Delayed Quote.-11.71%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.08% 0.74361 Delayed Quote.-6.96%
EURO / US DOLLAR (EUR/USD) -0.10% 1.05169 Delayed Quote.-9.20%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.06% 0.012327 Delayed Quote.-8.77%
NAVYA -5.01% 0.0892 Real-time Quote.-95.44%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.15% 0.63596 Delayed Quote.-9.37%
NEWCREST MINING LIMITED 2.86% 21.27 Delayed Quote.-15.60%
RIO TINTO PLC 0.23% 5598 Delayed Quote.14.17%
S&P/ASX 200 -0.70% 7302.8 Real-time Quote.0.00%
SANTOS LIMITED -1.35% 7.33 Delayed Quote.17.27%
WOODSIDE ENERGY GROUP LTD -1.75% 36.01 Delayed Quote.70.04%
All news about NEWCREST MINING LIMITED
11/30Australian shares jump after Powell signals slowdown in rate hikes
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11/30RBC Capital Markets Notes Potential Merit To Newcrest Lifting Stake In Lundin Gold's Fr..
MT
11/29Australian shares fall; focus on Powell's speech, China data
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11/29Australian shares close higher on China hopes
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11/28Commodity stocks drag Australian shares as China COVID fears persist
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11/23Australian shares rise on possibility of slower Fed rate hikes
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11/22Miners, banks push Australian shares higher ahead of Fed minutes
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11/21RBC Capital Markets Flags Permitting Issue On Newcrest's Cadia Expansion Project
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11/16Australian shares inch higher as financials and gold stocks advance
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11/16Newcrest Mining Limited Announces the Brucejack Mine Resumes Mining and Processing Oper..
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More news
Analyst Recommendations on NEWCREST MINING LIMITED
More recommendations
Financials (USD)
Sales 2023 4 576 M - -
Net income 2023 721 M - -
Net Debt 2023 1 478 M - -
P/E ratio 2023 16,1x
Yield 2023 1,61%
Capitalization 11 843 M 11 843 M -
EV / Sales 2023 2,91x
EV / Sales 2024 2,93x
Nbr of Employees 5 304
Free-Float 99,2%
Chart NEWCREST MINING LIMITED
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Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 13,29 $
Average target price 16,17 $
Spread / Average Target 21,6%
EPS Revisions
Managers and Directors
Sandeep Biswas Chief Executive Officer, Chief Operating Officer
Sherry Duhe Chief Financial Officer
Peter William Tomsett Independent Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Maria Esperanza Sanz Perez Secretary, Chief Legal, Risk & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
NEWCREST MINING LIMITED-15.60%11 843
NEWMONT CORPORATION-26.22%37 679
BARRICK GOLD CORPORATION-10.27%28 565
AGNICO EAGLE MINES LIMITED-5.21%22 923
POLYUS-35.94%18 626
WHEATON PRECIOUS METALS CORP.-3.28%17 529