Newcrest Mining Limited Stock Rating Reaffirmed by CIMB (NCM)
Newcrest Mining Limited (ASX: NCM)‘s stock had its “outperform” rating restated by analysts at CIMB in a research report issued to clients and investors on Friday. They currently have a $28.06 (28 AUD) price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Newcrest Mining Limited in a research note to investors on Tuesday. They now have a $36.08 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Newcrest Mining Limited in a research note to investors on Wednesday, January 23rd. They now have a $31.58 price target on the stock.
Shares of Newcrest Mining Limited traded down 1.81% during mid-day trading on Friday, hitting A$22.250. Newcrest Mining Limited has a one year low of A$0.000 and a one year high of A$0.000. The stock’s 50-day moving average is currently A$0.0. The company has a market cap of A$17.035 billion and a P/E ratio of 22.30.
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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