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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Newcrest Mining Limited    NCM   AU000000NCM7

NEWCREST MINING LIMITED

(NCM)
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Australian shares end higher as financials gain; NZ falls

11/19/2020 | 12:56am EST

* Aussie benchmark up to 4th session

* South Australia goes into 6-day lockdown

* Financial sub-index extends gains to 4th day

Nov 19 (Reuters) - Australian shares closed higher on Thursday, recouping early losses due to gains in financial stocks, while New Zealand extended falls from the previous session as worries over surging global COVID-19 cases dampened sentiment.

The S&P/ASX 200 index swung into positive territory in the last hour of trade after spending most of the session in the red, closing up 0.25% at 6,547.2 points.

U.S. stocks closed steeply lower after a late-session sell-off on Wednesday as investors weighed surging COVID-19 infections and mounting shutdowns against encouraging vaccine developments.

Adding to the risk-off mood, the state of South Australia went into strict lockdown on Thursday to stifle the latest cluster of 23 novel coronavirus infections.

A vaccine is further down the track compared to the current trend of soaring infections and restrictions hampering economic recovery, said James Tao, a market analyst at CommSec.

"The good news is kind of being pushed to one side at the moment," Tao said.

Financial stocks extended gains to a fourth day and hit their highest in more than eight months, with the "Big Four" banks climbing between 1.2% and 2.3%.

On the other side of the ledger, gold stocks touched their lowest in nearly five months, as optimism over the new vaccine dented the appeal of the safe-haven commodity.

Newcrest Mining closed down 2.6% while ASX-listed shares of AngloGold Ashanti shed 4.2%.

Miners shed 0.5% while energy stocks added 0.3%, helped by gains in Worley and Woodside Petroleum .

In New Zealand, the benchmark index closed 0.4% lower at 12,557.13 points. Tourism Holdings, down 3.7%, was the biggest percentage loser, followed by Serko Ltd , slipping 2%. (Reporting by Arundhati Dutta in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED 4.51% 356.33 End-of-day quote.4.03%
ASX LIMITED 0.17% 71.73 End-of-day quote.-0.37%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.12% 0.77216 Delayed Quote.0.25%
NEWCREST MINING LIMITED -1.57% 26.34 End-of-day quote.2.17%
S&P/ASX 200 0.36% 6824.7 Real-time Quote.3.61%
SERKO LIMITED -1.42% 5.54 End-of-day quote.-4.32%
TOURISM HOLDINGS LIMITED -1.64% 2.4 End-of-day quote.-7.69%
WOODSIDE PETROLEUM LTD -0.87% 26.33 End-of-day quote.15.79%
WORLEY LIMITED -1.22% 12.14 End-of-day quote.5.66%
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More news
Financials (USD)
Sales 2021 4 612 M - -
Net income 2021 1 201 M - -
Net Debt 2021 366 M - -
P/E ratio 2021 13,6x
Yield 2021 1,28%
Capitalization 16 547 M 16 508 M -
EV / Sales 2021 3,67x
EV / Sales 2022 3,84x
Nbr of Employees 5 304
Free-Float 99,5%
Chart NEWCREST MINING LIMITED
Duration : Period :
Newcrest Mining Limited Technical Analysis Chart | NCM | AU000000NCM7 | MarketScreener
Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 25,58 $
Last Close Price 20,32 $
Spread / Highest target 67,1%
Spread / Average Target 25,9%
Spread / Lowest Target 7,55%
EPS Revisions
Managers and Directors
NameTitle
Sandeep Biswas Chief Executive Officer, Executive Director & MD
Peter Algernon Franc Hay Independent Non-Executive Chairman
Gerard Bond CFO, Finance Director & Executive Director
Suresh Vadnagra Chief Technical & Projects Officer
Philip Stanley Aiken Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NEWCREST MINING LIMITED2.17%16 508
NEWMONT CORPORATION2.92%49 709
BARRICK GOLD CORPORATION2.93%41 605
POLYUS-0.82%26 791
WHEATON PRECIOUS METALS CORP.-3.37%18 133
AGNICO EAGLE MINES LIMITED0.87%17 238