Newcrest Mining Limited (NCMGY) Rating Increased to Neutral at J P Morgan Chase & Co
Newcrest Mining Limited (NASDAQ:NCMGY) was upgraded by stock analysts at J P Morgan Chase & Co from an “underweight” rating to a “neutral” rating in a report released on Tuesday, July 25th, MarketBeat Ratings reports.
Shares of Newcrest Mining Limited (NCMGY) traded up 0.12% during mid-day trading on Tuesday, hitting $17.19. 27,420 shares of the stock were exchanged. The firm has a 50-day moving average price of $16.03 and a 200 day moving average price of $16.54. Newcrest Mining Limited has a 12-month low of $12.03 and a 12-month high of $19.51. The company has a market capitalization of $13.16 billion and a PE ratio of 42.98.
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About Newcrest Mining Limited
Newcrest Mining Limited is a gold mining company. The Company is engaged in exploration, mine development, mine operations, and the sale of gold and gold/copper concentrate. It owns and operates a portfolio of mines and a pipeline of brownfield and greenfield exploration projects. Its operating segments include Cadia, Australia; Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Hidden Valley JV, Papua New Guinea; Bonikro, Cote d’Ivoire, and Exploration and Other.
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