Newcrest Mining Limited (NCMGY) Stock Rating Lowered by JPMorgan Chase & Co.
Newcrest Mining Limited (NASDAQ:NCMGY) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Tuesday, The Fly reports.
NCMGY has been the subject of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Newcrest Mining Limited in a research report on Friday, June 3rd. HSBC reiterated a “buy” rating on shares of Newcrest Mining Limited in a research report on Thursday, July 7th.
Newcrest Mining Limited (NASDAQ:NCMGY) traded up 0.77% during trading on Tuesday, hitting $15.69. 73,554 shares of the stock were exchanged. Newcrest Mining Limited has a 1-year low of $7.86 and a 1-year high of $20.18. The firm’s 50 day moving average price is $16.85 and its 200-day moving average price is $16.21. The stock has a market cap of $12.01 billion and a price-to-earnings ratio of 36.49.
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About Newcrest Mining Limited
Newcrest Mining Limited is a gold mining company. The Company is engaged in exploration, mine development, mine operations, and the sale of gold and gold/copper concentrate. It owns and operates a portfolio of mines and a pipeline of brownfield and greenfield exploration projects. Its operating segments include Cadia, Australia; Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Hidden Valley JV, Papua New Guinea; Bonikro, Cote d’Ivoire, and Exploration and Other.
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