newcrest mining stock

As of August 31st, there was short interest totaling 16,700 shares, an increase of 518.5% from the August 15th total of 2,700 shares. Based on an average daily volume of 98,100 shares, the short-interest ratio is presently 0.2 days. Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. The company is involved in the exploration and production of silver deposits.

newcrest mining stock

The company is expected to provide significant growth over the long-term, though some estimates do suggest a dip could be coming. Newcrest is an Australia-based gold and, to a lesser extent, copper miner. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.

Newcrest Mining Ltd.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Net profit after tax fell 11% on 2022, to roughly USD 780 million, or USD 0.87 (about AUD 1.34) per share. Adjusted EBITDA of about USD 2.1 billion was similar to last year, with higher gold and copper sales volumes offset by increased unit cash costs and weaker copper prices.

According to Bank of America‘s commodity strategist Michael Widmer, supply and demand trends indicate that gold prices will likely stay high. Widmer’s model suggests that a small increase in investor purchases could drive prices upward. For most commodity prices, including lithium and other industrial metals, the outlook from many analysts remains fervent. DENVER – Newmont Corp. has announced a special virtual meeting of stockholders for Oct. 11 at 8 p.m. Mountain time in connection with the company’s proposed acquisition of Newcrest Mining Ltd. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

  • High-growth stocks tend to represent the technology, healthcare, and communications sectors.
  • More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
  • LONDON–Shares in SolGold PLC (SOLG.LN) rose Monday after the miner rejected an offer from mining giant BHP Billiton Ltd (BHP) to invest in the company and develop its flagship Cascabel copper-gold project in Ecuador, pref…
  • The monthly returns are then compounded to arrive at the annual return.
  • DENVER – Newmont Corp. has announced a special virtual meeting of stockholders for Oct. 11 at 8 p.m.
  • Morningstar analysts hand-select direct competitors or comparable companies to
    provide context on the strength and durability of NCM’s
    competitive advantage.

This drives us to provide you with custom or syndicated research reports. However, the overall trend over the medium-term could be one in which prices generally move up and to the right. Price swings can create dislocations which can benefit those taking a long-term view on a particular sector or commodity group.

Newmont’s Board of Directors unanimously recommends that Newmont stockholders vote in favor of each of the proposals that are included in the definitive proxy statement. 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Newcrest Mining in the last twelve months. The consensus among Wall Street analysts is that investors should “reduce” NCMGY shares.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. NCM’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Gold Mining market. Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future. In recent news, a significant lithium deposit was found within a dormant volcano on the Nevada-Oregon border. The company owns the Thacker Pass mine in Nevada, one of the largest approved mines in the U.S. Also, it has secured refining agreements, a crucial development for the American lithium mining sector.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. NCMGY’s beta can be found in Trading Information at the top of this page.

Newcrest Mining Agrees to $17.5 Billion Takeover by Newmont

The Scheme Booklet, which includes the Notice of Scheme Meeting, can be viewed and downloaded at /investor-centre/schememeeting. The attached letter has been dispatched today by post to Newcrest shareholders in the manner described in Newcrest’s announcement on 7 September 2023. The letter contains details on where the Scheme Booklet can be viewed and downloaded, as well as instructions on how to lodge a proxy form. An email containing similar information has been dispatched to those Newcrest shareholders who have elected to receive electronic communications from Newcrest. Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. Therefore, for those bullish on precious metals and lithium, let’s delve into three stocks worth backing up the truck on now. Newmont is the world’s largest gold producer and already has operations in Australia. Compare
NCM’s historical performance
against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of NCM’s
competitive advantage.

What are the factors driving the growth of the Gold Mining Market?

The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925. Lithium supply and demand fundamentals may or may not be pushed out of whack as a result of this news. For now, it appears investors are taking a more bullish view on lithium stocks, which is a good thing for this leading miner.

Australian shares close higher on China data-induced commodities … – Nasdaq

Australian shares close higher on China data-induced commodities ….

Posted: Fri, 15 Sep 2023 07:10:00 GMT [source]

Newmont, Newcrest and certain of their respective directors and executive officers and other employees may be deemed to be participants in any solicitation of proxies from Newmont shareholders in respect of the pending transaction between Newmont and Newcrest. Information about Newcrest’s directors and executive officers is set forth in Newcrest’s latest annual financial report dated August 11, 2023, as updated from time to time via announcements made by Newcrest on the Australian Securities Exchange (“ASX”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

NewsNewcrest Mining Ltd. ADRNCMGY

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

SYDNEY–Newcrest Mining Ltd. (NCM.AU) recorded a 48% fall in first-half profit, as weaker production and higher costs offset an increased gold price. Newcrest, one of the world’s biggest-listed gold producers, on Thursday … If you are unable to attend the Scheme Meeting or would like to cast your vote before the meeting, we encourage you to lodge a direct vote or a directed proxy as early as possible. Proxy and Voting Forms must be received by no later than 10.30am (Melbourne Time) on Wednesday, 11 October 2023 (for those holding Newcrest shares on the Canadian Register, your equivalent Eastern Time deadline is 7.30pm on Tuesday, 10 October 2023). Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we’re constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Gold Mining. The market in North America is expected to grow considerably during the forecast period.

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Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market. Receive updates directly to your inbox on financial news, press releases, upcoming events and presentations, performance reports, blog posts and more. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

Shareholders will be asked to vote on issuance of shares of Newmont common stock in connection with the scheme of arrangement for the acquisition that the Newmont board has already recommended. Newcrest’s shareholder vote online and in person will be Oct. 13 in Australia, where the company is based. RBC Capital analyst Alex Barkley maintained a Hold rating on Newcrest Mining Limited (NCMGF – Research Report) on September 11 and set a price target of A$23.00. 360 Research how amazon makes money Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

If Lithium Americas gains rights to this discovery, it could significantly enhance its future prospects. They’ve been beating EPS estimates but missing on revenue, with a modest 1.06% net margin and 3.46% return on equity. Institutional investors, holding 55.45% of the stock, are increasing stakes, indicating confidence in the long term. Under the May 14 definitive agreement to acquire Newcrest, Newmont is offering Newcrest shareholders 0.4 Newmont shares for every Newcrest share. The deal was valued at $17.5 billion at that time, but the value fluctuates with share prices. The technique has proven to be very useful for finding positive surprises.

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, go to Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

This report elaborates the market size, market characteristics, and market growth of the Gold Mining industry, and breaks down according to the type, application, and consumption area of Gold Mining. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. Newmont is expected to grow earnings by 35% in the next year, leading to a 50% higher consensus price than its recent closing price.

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