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Newcrest Mining Limited (NCMGF) Gets a Buy Rating from Ord Minnett

The company’s shares closed last Monday at $20.47.

Currently, the analyst consensus on Newcrest Mining Limited is a Moderate Buy with an average price target of $22.19, implying an 11.5% upside from current levels. In a report issued on March 28, Morgan Stanley also maintained a Buy rating on the stock with a price target.

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Newcrest Mining Ltd. engages in the exploration, development, and operations of mines. It operates through the following segments: Cadia, Telfet, Lihir, Gosowong, Bonikro, Hidden Valley, and Exploration and Others. The company was founded in 1990 and is headquartered in Melbourne, Australia.

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