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Newcrest Mining Ltd NCM Stock Quote

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Last close prices updated as of Feb 07, 2023, 4:10 PM EDT | AUD
  • Last Close 24.53
  • Sector Basic Materials
  • Industry Gold
  • Investment Style Large Value
  • Day Range 24.40  –  25.05
  • Year Range 15.72  –  28.96
  • Market Cap 22.2980 Bil
  • Volume / Avg 12.1 Mil /  4.2 Mil
  • Price / Sales 3.47
  • Price / Book 1.32
  • Forward Div Yield 1.59%
  • Trailing Div Yield 0.39%

Morningstar‘s Stock Analysis NCM

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Newmont Lobs Newcrest AUD 27.45 Offer, but We Retain our AUD 31 FVE; Shareholders Take No Action

Jon Mills Equity Analyst

Analyst Note

| Jon Mills |

Newmont, the world’s largest gold miner, has offered about AUD 27.45 per share to buy gold miner Newcrest via scheme of arrangement. The offer is subject to due diligence, Newcrest granting Newmont exclusivity, Newcrest shareholder approval and other conditions. Under the offer, Newcrest shareholders would receive 0.38 Newmont shares for each Newcrest share they own, with Newmont also listing its shares on the ASX. At Newmont’s share price of USD 49.85 and assuming an AUD/USD rate of 0.69, this values each Newcrest share at about AUD 27.45. Newcrest is considering the offer and can either reject it or grant Newmont exclusivity and due diligence.

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Key Statistics NCM

Company Profile NCM

Business Description

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average and amongst the lowest of the global gold miners, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.

600 Saint Kilda Road, Level 8
Melbourne, VIC, 3004, AUS
Industry Gold
Employees 1,947

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FAQs for Newcrest Mining Ltd Stock

Yes. NCM has a forward dividend yield of 1.59%. See NCM’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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NCM’s market cap is 22.30 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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NCM’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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NCM’s price/sales is 3.47.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

NCM’s price/forward earnings is 24.15.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

NCM’s price/book is 1.32.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See NCM’s valuation ratios compared to the Market Index.

NCM’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare NCM’s historical performance against its industry peers and the overall market.