Newcrest Mining Limited Now Covered by RBC Capital (NCMGY)
Research analysts at RBC Capital initiated coverage on shares of Newcrest Mining Limited (NASDAQ:NCMGY) in a report released on Wednesday, StockRatingsNetwork.com reports. The firm set a “sector perform” rating and a $11.00 price target on the stock. RBC Capital’s price target suggests a potential upside of 13.64% from the company’s current price.
Newcrest Mining Limited (NASDAQ:NCMGY) traded down 0.31% during mid-day trading on Wednesday, hitting $9.68. The stock had a trading volume of 7,697 shares. Newcrest Mining Limited has a 1-year low of $8.48 and a 1-year high of $29.15. The stock’s 50-day moving average is $11.13 and its 200-day moving average is $12.90. The company’s market cap is $7.411 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Newcrest Mining Limited from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Deutsche Bank downgraded shares of Newcrest Mining Limited from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 12th. Finally, analysts at Deutsche Bank downgraded shares of Newcrest Mining Limited from a “buy” rating to a “hold” rating in a research note to investors on Thursday, July 25th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has an average rating of “Sell” and an average price target of $11.00.
Newcrest Mining, Ltd. is an Australia-based company that is engaged in the exploration, mine development, mine operations and the sale of gold and gold/copper concentrate.
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