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.
See today’s best-performing stocks on TipRanks >>
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NCMGF:
- Fortescue Metals Group Ltd (FSUMF) Receives a Hold from Ord Minnett
- Mineral Resources Limited (MALRF) was Upgraded to a Hold Rating at Ord Minnett
- Rio Tinto Limited (RTNTF) Gets a Hold Rating from Ord Minnett
- Macquarie Reaffirms Their Buy Rating on West African Resources Ltd (WFRSF)
- Macquarie Believes Karoon Energy Ltd (KRNGF) Still Has Room to Grow