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    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
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Tech, travel stocks lift Australia shares to 1-1/2-month closing high

04/06/2021 | 02:47am EDT

* Aussie cenbank holds rates at record low, as expected

* Quarantine-free travel bubble between Australia and NZ announced

* Tech stocks close at near six-week high

April 6 (Reuters) - Australia shares ended higher on Tuesday, bolstered by travel stocks after the announcement of a travel bubble between the country and New Zealand, while tech heavyweights jumped to their highest in a month tracking Wall Street's strong finish.

The S&P/ASX 200 index ended 0.8% firmer at 6,885.90 points, its highest close since Feb. 18. The index shaved a few points off its midday peak of 6,915.700 points by the close of trading.

Australia's central bank left interest rates at an all-time low, as expected, and signalled that the cash rate would remain at 0.1% until at least 2024.

"We're not really seeing too much from the RBA that's giving us anything new," Nick Twidale, chief executive officer of APAC at FP Markets said.

"It's sort of deflating for the market as Australia's coming out of the pandemic quite well, but if you've got the central bank then saying they're not finding a reason to make any moves for another three years - it's a bit of a knock."

Cleanaway Waste Management rose nearly 16% and was the top gainer in the benchmark index, after the company said it would buy the local recycling and recovery business of French firm Suez for A$2.52 billion ($1.93 billion).

Travel stocks jumped, after New Zealand Prime Minister Jacinda Ardern said quarantine-free visits by Australians to New Zealand would be allowed from April 19. Qantas Airways added 3%.

Tech stocks rose more than 5% to finish at their highest level since Feb. 25, with Afterpay leading gains on a 10% rise.

Gold stocks climbed 3.1% as bullion prices rose, with heavyweight Newcrest Mining adding 2%.

New Zealand's benchmark S&P/NZX 50 index closed 0.7% lower at 12,400.48. However, Air New Zealand jumped 5.8% after the company said it would ramp up flights between New Zealand and Australia.

($1 = 1.3075 Australian dollars) (Reporting by Arundhati Dutta in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 0.07% 127.39 End-of-day quote.7.96%
AIR NEW ZEALAND LIMITED 0.85% 1.78 End-of-day quote.-1.11%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.04% 0.773 Delayed Quote.0.73%
CLEANAWAY COMPANY LIMITED 0.29% 173.5 End-of-day quote.5.79%
CLEANAWAY WASTE MANAGEMENT LIMITED 0.00% 2.49 End-of-day quote.5.96%
NEWCREST MINING LIMITED 3.24% 27.72 End-of-day quote.7.53%
QANTAS AIRWAYS LIMITED -0.38% 5.18 End-of-day quote.6.80%
S&P/ASX 200 0.07% 7063.5 Real-time Quote.7.16%
SUEZ -0.03% 19.845 Real-time Quote.22.35%
WASTE MANAGEMENT, INC. 0.39% 135.05 Delayed Quote.14.07%
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Financials (USD)
Sales 2021 4 525 M - -
Net income 2021 1 132 M - -
Net Debt 2021 263 M - -
P/E ratio 2021 15,2x
Yield 2021 1,46%
Capitalization 17 485 M 17 483 M -
EV / Sales 2021 3,92x
EV / Sales 2022 3,96x
Nbr of Employees 5 304
Free-Float 99,5%
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
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 24,01 $
Last Close Price 21,44 $
Spread / Highest target 59,8%
Spread / Average Target 12,0%
Spread / Lowest Target -9,51%
EPS Revisions
Managers and Directors
NameTitle
Sandeep Biswas Chief Executive Officer, Executive Director & MD
Gerard Bond CFO, Finance Director & Executive Director
Peter Algernon Franc Hay Independent Non-Executive Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Maria Esperanza Sanz Perez Secretary, Chief Legal, Risk & Compliance Officer
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1st jan.Capitalization (M$)
NEWCREST MINING LIMITED7.53%17 483
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BARRICK GOLD CORPORATION-4.97%37 435
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WHEATON PRECIOUS METALS CORP.-0.88%18 099
AGNICO EAGLE MINES LIMITED-10.28%15 416