Macquarie Reaffirms Outperform Rating on Newcrest Mining Limited (NCM)
Newcrest Mining Limited (ASX: NCM)‘s stock had its “outperform” rating restated by analysts at Macquarie in a research report issued to clients and investors on Thursday. They currently have a $31.25 (30 AUD) price target on the stock.
Newcrest Mining Limited traded down 1.79% on Thursday, hitting A$24.100. Newcrest Mining Limited has a 1-year low of A$20.890 and a 1-year high of A$36.100. The company has a market cap of A$18.426 billion and a price-to-earnings ratio of 16.83.
Newcrest Mining Limited (Newcrest) is engaged in the exploration, mine development, mine operations and the sale of gold and gold/copper concentrate.
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