US gold goliath NEM bought our own Newcrest (NCM) back in late 2023, and the miner has struggled in recent years, operationally, matching the misgivings of NCM. Since the acquisition, the company ADRs are now traded on the ASX, but we see better alternatives available with local names.
- We can see NEM trading up towards $US70 over the coming year, another 25% higher – it’s not on our radar.
MM is bullish on NEM medium term
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