JPMorgan Chase & Co. Downgrades NEWCREST MNG LT/ADR (OTCMKTS:NCMGY) to Underweight

NEWCREST MNG LT/ADR (OTCMKTS:NCMGY) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday, The Fly reports.

Separately, ValuEngine raised NEWCREST MNG LT/ADR from a “sell” rating to a “hold” rating in a report on Friday, January 31st.

NEWCREST MNG LT/ADR stock opened at $19.05 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 2.22. The business’s fifty day simple moving average is $20.91 and its two-hundred day simple moving average is $22.27. NEWCREST MNG LT/ADR has a 12 month low of $16.63 and a 12 month high of $26.45.


Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Bonikro, Cote d'Ivoire; and other projects.

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