Newcrest Mining Limited Given Neutral Rating at JPMorgan Chase & Co. (NCM)
Newcrest Mining Limited (ASX:NCM)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, Analyst Ratings Net reports.
Shares of Newcrest Mining Limited (ASX:NCM) traded up 5.33% during mid-day trading on Wednesday, hitting A$10.680. The stock had a trading volume of 4,584,996 shares. Newcrest Mining Limited has a one year low of A$9.070 and a one year 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$8.177 billion.
A number of other analysts have also recently weighed in on NCM. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Newcrest Mining Limited in a research note to investors on Sunday, October 13th. Separately, analysts at Commonwealth Bank reiterated an “underweight” rating on shares of Newcrest Mining Limited in a research note to investors on Friday, September 27th. Finally, 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. One equities 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 company has a consensus rating of “Hold” and a consensus price target of A$28.76 ($27.13).
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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