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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Newcrest Mining Limited    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
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Newcrest Mining : receives Conditional Approval for TSX Listing

10/07/2020 | 10:09am EST

Newcrest Mining Limited (NCM: ASX) has received conditional approval to list on the Toronto Stock Exchange (TSX) on 13 October 2020 (Toronto time), subject to meeting customary conditions before listing.

The Company will retain its primary listing on the Australian Securities Exchange (ASX), and its secondary listing on PNGX Markets, under the trading symbol 'NCM'.

Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said: 'A North American listing is part of our strategy of pursuing growth in the Americas following our 70% acquisition of the Red Chris mine in Canada in 2019 and our investments in Ecuador.'

'We have observed an increase in interest from North American investors in the gold sector over the last six months. When combined with our large existing North American shareholder base it makes sense for Newcrest stock to be able to be traded in this time-zone'.

'We believe the TSX listing will improve the global visibility of the Company and broaden our access to the large North American capital pool.'

Newcrest anticipates satisfying the remaining conditions for the listing to proceed and trading in the Company's shares to be able to commence on the TSX on 13 October 2020 (Toronto time). There is no equity offering planned to be associated with this listing.

Contact:

Tom Dixon

Tel: +61 3 9522 5570

Email: Tom.Dixon@newcrest.com.au

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 4 572 M - -
Net income 2021 1 207 M - -
Net Debt 2021 294 M - -
P/E ratio 2021 13,2x
Yield 2021 1,30%
Capitalization 16 131 M 16 115 M -
EV / Sales 2021 3,59x
EV / Sales 2022 3,72x
Nbr of Employees 5 304
Free-Float 99,5%
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Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 24,93 $
Last Close Price 19,81 $
Spread / Highest target 55,8%
Spread / Average Target 25,8%
Spread / Lowest Target -1,71%
EPS Revisions
Managers
NameTitle
Sandeep Biswas Chief Executive Officer, Executive Director & MD
Peter Algernon Franc Hay Independent Non-Executive Chairman
Gerard Bond CFO, Finance Director & Executive Director
Suresh Vadnagra Chief Technical & Projects Officer
Philip Stanley Aiken Independent Non-Executive Director
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