Newcrest Mining Limited’s “Neutral” Rating Reaffirmed at Credit Suisse (NCM)
Newcrest Mining Limited (ASX:NCM)‘s stock had its “neutral” rating restated by Credit Suisse in a research note issued on Sunday, Analyst Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Newcrest Mining Limited in a research note to investors on Tuesday, October 8th. Finally, analysts at Commonwealth Bank reiterated an “underweight” rating on shares of Newcrest Mining Limited in a research note to investors on Friday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of A$28.76 ($27.13).
Newcrest Mining Limited (ASX:NCM) traded down 1.32% during mid-day trading on Friday, hitting A$10.500. The stock had a trading volume of 50,009 shares. Newcrest Mining Limited has a 52-week low of A$9.070 and a 52-week high of A$29.970. The stock has a 50-day moving average of A$12.55 and a 200-day moving average of A$15.17. The company’s market cap is A$8.039 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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