Newcrest Mining traded at 23.35 this Thursday October 26th, decreasing 0.30 or 1.27 percent since the previous trading session. Looking back, over the last four weeks, Newcrest Mining lost 9.21 percent. Over the last 12 months, its price rose by 30.23 percent. Looking ahead, we forecast Newcrest Mining to be priced at 22.86 by the end of this quarter and at 21.45 in one year, according to Trading Economics global macro models projections and analysts expectations.
Newcrest Mining Limited is an Australia-based mining company. The principal activities of the Company are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates pipeline of brownfields and greenfields exploration projects. Its assets include Cadia, Telfer, Lihir, Havieron, Red Chris and Wafi-Golpu. The Cadia asset is located approximately 25 kilometers (km) from Orange, New South Wales (NSW). The Telfer asset is located approximately 400 km from Port Hedland, Western Australia (WA). The Lihir asset is located on the Aniolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Havieron asset is located approximately 45 km east of Tefler. The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.