NCMGY Newcrest Mining Ltd ADR Stock Overview U.S.: OTC

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.

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Is It Time to Sell NCMGY? Shares are up today.

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.

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.

Newmont’s Newcrest acquisition gets another approval

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 https://1investing.in/ 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.

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.

Newcrest Mining Ltd.

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.

• Our aim is to provide the best solution that matches the exact customer requirements.
• Newcrest, one of the world’s biggest-listed gold producers, on Thursday …
• Style is calculated by combining value and growth scores, which are first individually calculated.
• Institutional investors, holding 55.45% of the stock, are increasing stakes, indicating confidence in the long term.

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 is honorarium taxable in india 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.

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.

Newcrest Earnings: Similar to Last Year but Newmont Proposal Renders Them Moot

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.

• Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.
• 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.
• 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.
• An email containing similar information has been dispatched to those Newcrest shareholders who have elected to receive electronic communications from Newcrest.

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.

Analysts’ Top Materials Picks: Iluka Resources Limited (ILKAF), Newcrest Mining Limited (NCMGF)

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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.

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.

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.