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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
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Delayed Australian Stock Exchange  -  02:10 2022-06-24 am EDT
23.04 AUD   -1.03%
06/17Australian shares post worst week since March 2020 on recession fears
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06/16Australia shares extend losses on recession fears after aggressive rate hikes
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06/15Australian shares rebound as investors cheer Fed's rate hike decision
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Australian shares skid 2% in broad-based selling on slowdown worries

05/05/2022 | 09:19pm EDT

May 6 (Reuters) - Australian shares fell 2% on Friday to hit a seven-week trough, as investors dumped equities across the board on concerns that aggressive central bank policies around the globe to contain broadening inflation pressures could hurt economic growth.

The S&P/ASX 200 index fell 2% to 7,215.5 by 0018 GMT, hitting its lowest since March 17. The benchmark was set for a third straight weekly drop and also its worst week since October 2020.

Global investor sentiment has been hit by worries about fast-paced interest rate hikes at a time of China's COVID-19 lockdowns and the war in Ukraine, to slow surging inflation.

Technology stocks tumbled 3.8% in Australia, leading the losses after the technology-heavy Nasdaq dropped 5% overnight. ASX-listed shares of Block Inc dropped 1.8%.

Financials skidded 1.8%, with the "big four" banks down between 0.6% and 1.5%.

Macquarie Group declined 5.6% after it warned of significantly lower income from its commodities trading arm and forecast transaction activity at its capital business to ease from record levels in the near term.

Gold stocks fell nearly 3% after bullion prices retreated overnight. Newcrest Mining, the country's largest gold miner, was down 2.1%.

Energy stocks lost 1.6%, even as oil prices firmed on supply concerns after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.

Heavyweights Woodside Petroleum and Santos slid about 1% each.

Miners dropped 2.7%, with iron ore behemoths BHP , Rio Tinto and Fortescue shedding more than 2% each.

New Zealand's benchmark S&P/NZX 50 index was down 1.3% at 11,597.37. (Reporting by Navya Mittal; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -1.19% 40.02 Delayed Quote.-3.57%
BLOCK, INC. 5.54% 71 Delayed Quote.-56.04%
FORTESCUE METALS GROUP LIMITED 0.17% 17.28 Delayed Quote.-10.05%
LONDON BRENT OIL 2.22% 112.44 Delayed Quote.44.36%
MACQUARIE GROUP LIMITED 1.06% 165.33 Delayed Quote.-19.51%
NASDAQ COMPOSITE 3.34% 11607.62 Real-time Quote.-28.21%
NAVYA 0.06% 0.885 Real-time Quote.-57.04%
NEWCREST MINING LIMITED -1.03% 23.04 Delayed Quote.-5.88%
RIO TINTO PLC 1.62% 4989.5 Delayed Quote.1.99%
S&P/ASX 200 0.77% 6578.7 Real-time Quote.-11.63%
SANTOS LIMITED -1.77% 7.22 Delayed Quote.14.42%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.63% 53.6 Delayed Quote.-27.29%
WOODSIDE ENERGY GROUP LTD -1.70% 30.61 Delayed Quote.39.58%
WTI 3.07% 107.53 Delayed Quote.38.53%
All news about NEWCREST MINING LIMITED
06/17Australian shares post worst week since March 2020 on recession fears
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Financials (USD)
Sales 2022 4 256 M - -
Net income 2022 871 M - -
Net Debt 2022 1 729 M - -
P/E ratio 2022 15,7x
Yield 2022 1,47%
Capitalization 14 267 M 14 267 M -
EV / Sales 2022 3,76x
EV / Sales 2023 2,96x
Nbr of Employees 5 304
Free-Float 99,1%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 16,01 $
Average target price 20,93 $
Spread / Average Target 30,7%
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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
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