Newcrest Mining Limited Stock Rating Upgraded by Deutsche Bank (NCMGY)
Newcrest Mining Limited (NASDAQ:NCMGY) was upgraded by research analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Shares of Newcrest Mining Limited (NASDAQ:NCMGY) traded up 0.76% on Tuesday, hitting $7.95. The stock had a trading volume of 49,813 shares. Newcrest Mining Limited has a 52-week low of $6.30 and a 52-week high of $25.25. The stock has a 50-day moving average of $7.02 and a 200-day moving average of $9.69. The company’s market cap is $6.087 billion.
Separately, 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 Wednesday, January 8th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus 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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