Newcrest Mining (NCM)

12/10/2021 17:20

Newcrest Mining (NCM) $23.92

NCM +0.08%: the gold miner was out with updates across a four of their growth projects as they look to grow production and cut costs. A study on PNG mine Lihir has paved the way to grow production to over 1Moz a year from FY24 onwards, for at least 10 years, on a relatively small investment for $179m. A pre-feasibility study has been completed on...

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30/09/2021 09:32

Newcrest Mining (NCM) $22.63

The combination of market uncertainty and inflation fears was enough to offset rising bond yields for the struggling Australian gold stocks on Wednesday, for a pleasant change they dominated the top performers on yesterdays boards. MM took the opportunity to tweak our holding in NCM down from 7% to 5%, this was not a huge vote against the sector...

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29/09/2021 09:51

Flagship Growth Portfolio – Amendments

We are adding to our existing holding in Independence Group (IGO) and trimming Newcrest (NCM) to fund

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29/09/2021 09:11

Flagship Growth Portfolio

The portfolio rallied 2.44% last week as we enjoyed being overweight in most of the right places even as indices struggled at both home and abroad. Cash sits at 4%. Very strong performances from Whitehaven Coal (WHC), a2 Milk (A2M), Zip (Z1P) and Qantas (QAN) while only our interest rate sensitive holdings in CSL Ltd (CSL), Newcrest (NCM) and...

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07/09/2021 09:21

Newcrest Mining (NCM) $25.20

The Gold Sector enjoyed a solid Monday with most of the major names gaining between 2% & 4%, a weak $US appears to be have been the catalyst. At MM we do ultimately see the Greenback breaking its 2021 low increasing the tailwind for precious metals but short-term it still feels 50-50 and we’re not convinced the Gold Sector has bottomed yet, especially...

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27/08/2021 09:35

Newcrest Mining (NCM) $24.42

The negative operational surprises appear behind us for NCM after it announced a 55% jump in profits for the full-year on revenue of $4.6bn, EBITDA soared 33% to $2.4bn. At this stage it feels that whatever NCM had delivered the stock was destined to drift in-line with negative sentiment towards the sector, we believe this could be an ever tightening...

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19/08/2021 16:37

Newcrest Mining (NCM) $25.54

FY21 Result: A decent set of results for Australia’s No 1 gold stocks today with NCM meeting or beating expectations for FY21. NPAT came in at $1.16b vs consensus at $1.04b on slightly higher than expected revenue.  They guided to a slight fall in gold production to 1.8-2moz in FY22, though this was already well understood by the market.

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19/08/2021 08:11

Reporting Today (ASX, AIA, CDA, EVN, IPH, IRE, NCM, NWH, ORG, ORA, PPT, RBL, SGR, S32, TWE)

Companies reporting today on MM’s radar include: ASX (ASX) FY21 Results: Expectations for revenue of $941m, EBITDA of $681m, NPAT of $474m (down 7.6% on FY20), EPS of $2.45, FY Dividend $2.21. Market currently pricing NPAT for FY22 of $485m, a jump of ~2%.

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22/07/2021 17:22

Newcrest Mining (NCM) $26.18

NCM +0.42%: Some good and some bad news out of their quarterly up-date today. Their Cadia mine showed what it can achieve, hitting record production with negative costs thanks to copper credits. Gold production at the group level was in line with guidance with a softer result at Lihir taking some of the shine off.

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25/05/2021 09:21

Newcrest Mining (NCM) $28.52

Australia’s major gold producer NCM has failed to fully embrace the recovery by the precious metal, not a huge surprise considering how often its disappointed the faithful but we feel this is the time to be overweight the stock and sector.

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