|Bid||30.43 x 0|
|Ask||30.50 x 0|
|Day's Range||30.07 - 30.59|
|52 Week Range||18.58 - 30.59|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||68.94|
|Earnings Date||Aug 16, 2019|
|Forward Dividend & Yield||0.21 (0.69%)|
|1y Target Est||15.81|
Newcrest Mining Limited (ASX:NCM), a large-cap worth AU$23b, comes to mind for investors seeking a strong and reliable...
Commodity companies are pushing to meet Papua New Guinea's new prime minister, who is set to deliver a nationwide address on Wednesday as he starts to overhaul the way the gas-rich country manages its vast natural resources. James Marape's speech is due to be broadcast around 6 p.m. local time (0800 GMT), just as thousands around the rugby league-loving nation gather at their televisions ahead of the State of Origin match, a big derby in Australia. The former finance minister promised he would be "taking back" the economy under his leadership when parliament elected him prime minister last week in the wake of Peter O'Neill's resignation from the position.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Newcrest Mining Limited and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Newcrest Mining Ltd. (NCM.AX) closed 0.48% higher at 25.13 Australian dollars ($17.71) per share on May 1 after the company released its production results for third-quarter 2019. For the quarter ended March 31, gold production decreased 4.8% to 623,124 ounces and copper production declined 5.8% to 25,303 tons from the second quarter. Warning! GuruFocus has detected 3 Warning Sign with ASX:NCM.
Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (CGP.V) (GWN.F) (GWN.BE) (CTNXF) is pleased to announce that Cornerstone and its subsidiary Cañabrava Mining S.A. have signed a binding option and farm-in Agreement with Newcrest International Pty Limited (“Newcrest”), a subsidiary of Newcrest Mining Limited (ASX:NCM) for Cornerstone’s Caña Brava and Tioloma properties in Ecuador (Figure 1) (the “Project”), targeting epithermal gold-silver and porphyry gold-copper deposits in south central Ecuador.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really f...
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** The energy regulator of Canada's ...
Newcrest said on Monday it would buy a 70 percent joint-venture interest in, and operatorship of, the Red Chris mine and surrounding tenements in British Columbia from Toronto-listed Imperial Metals Corp. "If you look at the balance sheet metrics we are still well within our financial metrics," Newcrest chief executive Sandeep Biswas told Reuters. "If something were to come up that is of interest then we certainly don't see ourselves as restricted." The Red Chris buy comes amid a shakeup in the gold industry after Barrick Gold Corp's offer for Newmont Mining in an $18 billion deal that would make a global gold monolith and trigger a string of divestments. Newcrest has been touted as a potential buyer of Newmont's Australian assets.
Newcrest Mining Ltd Chief Executive Sandeep Biswas said on Monday that the company's balance sheet did not restrict it from further purchases, after the Australian miner said it would pay $806.5 million for a Canadian gold mine. Biswas said Newcrest would look at other purchases that made sense, such as if anything of interest were to come out of a potential tie-up between Newmont Mining Corp and Barrick Gold Corp. "If you look at the balance sheet metrics, we are still well within our financial metrics.
Australian mining magnate Lang Hancock famously discovered the world's biggest iron ore deposit when he noticed the red-stained cliffs of a canyon while flying over the Outback in the 1950s. Now, the days when massive mineral deposits could be simply spotted by plane are gone, so miners are adopting new lab techniques and machine-led mapping to detect metal traces in everything from sand to gum tree leaves and groundwater. Australian miners are taking a deeper look at the 80 percent of the country that lies "under cover" - obscured by metres of sediment and sand, particularly in the desert interior, across an area twice the size of India.
"My preference is a joint venture," Joe Foster of the Van Eck International Investors Gold Fund, said in a phone interview. If a merger is the only way to unify Nevada then maybe, just maybe, that's something we might consider.
Newmont earlier on Monday rejected Barrick's full buyout offer and reiterated its plans to go ahead with its deal to buy smaller rival Goldcorp Inc. Newmont's JV proposal, unveiled Monday, seeks to combine adjacent mines and other facilities in Nevada.
Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled. Barrick Gold Corp's $18 billion (£13.6 billion) hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the latter's friendly offer for Goldcorp Inc.
On 31 December 2018, Newcrest Mining Limited (ASX:NCM) released its earnings update. Generally, analysts seem extremely confident, with earnings expected to grow by a high double-digit of 71% in theRead More...
As my colleague Liam Denning wrote on Monday, even if you believe some rubbery synergy estimates, the $17.8 billion deal just didn’t look very generous to the shareholders of Colorado-based Newmont that Barrick Chief Executive Officer Mark Bristow is trying to woo. It’s true that Toronto-based Barrick’s proposed share-exchange ratio would see Newmont shareholders bought out for about $1.6 billion less than their company is worth, based on stock prices on the eve of the deal.
After last month's deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams his company operates. The disaster, which killed more than 300, has sparked a push to set global standards for the construction and inspection of tailings dams, which store the muddy detritus of the mining process, as well as emergency preparations. Freeport, the world's largest publicly traded copper producer, spends several hundred millions of dollars per year on tailings dams upkeep and has not had a tailings dam failure since it acquired Phelps Dodge in 2007.
Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion (14 billion pounds) hostile bid for the U.S. company, presaging an aggressive battle. Newmont's financial returns in recent years show its CEO, Gary Goldberg, is a "loser," Barrick CEO Mark Bristow told Reuters.
Newcrest Mining Ltd Chief Executive Sandeep Biswas said on Monday his company would pursue a potential acquisition only if it were the right value for investors, adding that he would prefer to buy assets rather than whole companies. "We are happy to do M&A if it's the right value for shareholders," Biswas said at the BMO Global Metals & Mining Conference. Barrick Gold Corp launched an $18 billion hostile bid to buy rival miner Newmont Mining Corp on Monday, and some media reports indicated that Newcrest, as part of the deal, would be interested in buying Newmont's Australian assets.