Newcrest Mining Limited Rating Reiterated by JPMorgan Chase & Co. (NCM)
Newcrest Mining Limited (ASX:NCM)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Analyst Ratings News reports.
A number of other analysts have also recently weighed in on NCM. Analysts at Commonwealth Bank reiterated an “underweight” rating on shares of Newcrest Mining Limited in a research note to investors on Friday, September 27th. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Newcrest Mining Limited in a research note to investors on Tuesday, August 13th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Newcrest Mining Limited in a research note to investors on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Newcrest Mining Limited presently has an average rating of “Hold” and a consensus price target of A$28.76 ($27.13).
Shares of Newcrest Mining Limited (ASX:NCM) traded down 2.56% on Tuesday, hitting A$10.650. The stock had a trading volume of 4,787,416 shares. Newcrest Mining Limited has a 1-year low of A$9.070 and a 1-year high of A$29.970. The stock’s 50-day moving average is A$12.55 and its 200-day moving average is A$15.17. The company’s market cap is A$8.154 billion.
Newcrest Mining Limited (ASX:NCM) is engaged in the exploration, mine development, mine operations and the sale of gold and gold/copper concentrate.
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