1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Newcrest Mining Limited
  6. News
  7. Summary
    NCM   AU000000NCM7


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares hit 1-month low on tech sell-off

01/19/2022 | 01:02am EDT

Jan 19 (Reuters) - Australian shares fell on Wednesday to their lowest close in a month, weighed down by technology stocks after a spike in U.S. Treasury yields on prospects of aggressive interest rate hikes sent Wall Street peers lower overnight.

The S&P/ASX 200 closed 1% lower at 7,332.50 in its second straight session of fall, with tech stocks shedding 2.6% to hit their lowest in nearly eight months.

Buy now, pay later firm Afterpay slid 1.2%, while Xero and WiseTech Global retreated 2.4% and 4.2%, respectively.

Brad Smoling, managing director of Smoling Stockbroking, said a subdued start to the U.S. earnings season also weighed on sentiment.

"Rates are really high on U.S. Treasury yields, sending a lot of nerves in the market," he said.

Among other sectors, financials dropped 1.4%, after authorities said Australia should brace for more COVID-19 deaths for the next few weeks, as record infections fuelled by the Omicron outbreak overwhelmed health systems.

Surveys released this week showed Australian consumer sentiment was hit in January as a surge in coronavirus cases filled up hospitals and curbed spending.

Weak bullion prices reduced the appeal of gold stocks, sending the sectoral sub-index down 1.9%.

Gold majors Newcrest Mining and Northern Star Resources were down 0.9% and 3.4%, respectively.

Energy stocks rose 0.6% as oil prices rallied to a seven-year high amid tight supply outlook and geopolitical troubles in Russia and the United Arab Emirates.

Oil and gas explorers Woodside Petroleum and Santos rose 0.9% and 2%, respectively.

Across the Tasman Sea, New Zealand's S&P/NZX 50 fell 1.6% to 12,612.31. (Reporting by Upasana Singh in Bengaluru; Editing by Subhranshu Sahu)

ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY -2.18% 66.47 End-of-day quote.-19.93%
LONDON BRENT OIL 0.44% 112.675 Delayed Quote.41.60%
NEWCREST MINING LIMITED 0.81% 24.82 Delayed Quote.1.23%
NORTHERN STAR RESOURCES LIMITED 1.29% 8.595 Delayed Quote.-8.18%
ON SEMICONDUCTOR CORPORATION -1.83% 55.15 Delayed Quote.-18.80%
S&P 500 -0.29% 4008.01 Real-time Quote.-15.57%
S&P/ASX 200 0.25% 7105.8 Real-time Quote.-4.96%
SANTOS LIMITED 0.50% 8.265 Delayed Quote.28.21%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.97% 64.25 Delayed Quote.-13.93%
WISETECH GLOBAL LIMITED 0.22% 40.62 Delayed Quote.-29.82%
WOODSIDE PETROLEUM LTD 0.33% 31.06 Delayed Quote.39.08%
WTI 1.11% 113.805 Delayed Quote.44.13%
XERO LIMITED 4.42% 86.39 Delayed Quote.-37.87%
05/16Ascot Resources Swings to Q1 Loss from Year-Ago Profit; Hires Former Newcrest Executive..
05/16Australia shares end higher on banks; Brambles soars on deal talks
05/10Australian shares dragged by mining, gold firms; U.S. inflation in focus
05/10Australian shares end at three-month low as growth fears sap risk appetite
05/09Hawkeye seeks shareholder approval for newcrest acquisition at its upcoming meeting of ..
05/05Australian shares skid 2% in broad-based selling on slowdown worries
05/05Australia shares rise on commodities, tech boost after Fed softens stance
05/04Australian shares rise on mining, tech boost; NAB drops
05/04Australia shares end choppy session lower ahead of U.S. Fed meet outcome
05/03Australian shares rise on banks, energy boost; Fed meeting in focus
More news
Analyst Recommendations on NEWCREST MINING LIMITED
More recommendations
Financials (USD)
Sales 2022 4 284 M - -
Net income 2022 881 M - -
Net Debt 2022 1 709 M - -
P/E ratio 2022 16,9x
Yield 2022 1,35%
Capitalization 15 282 M 15 282 M -
EV / Sales 2022 3,97x
EV / Sales 2023 3,14x
Nbr of Employees 5 304
Free-Float 99,1%
Duration : Period :
Newcrest Mining Limited Technical Analysis Chart | NCM | AU000000NCM7 | MarketScreener
Technical analysis trends NEWCREST MINING LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 17,15 $
Average target price 21,38 $
Spread / Average Target 24,7%
EPS Revisions
Managers and Directors
Sandeep Biswas Chief Executive Officer, MD & Executive Director
Sherry Duhe Chief Financial Officer
Peter William Tomsett Independent Non-Executive Chairman
Suresh Vadnagra Chief Technical & Projects Officer
Phil Stephenson Chief Operating Officer-Australia & Americas
Sector and Competitors