NCMNewcrest Mining gap above range after corrective wave completion . This is the TSX listed version of the Australian ASX listed stock . NCM is a big player in the golden triangle after the takeover of Pretium resources which i previously owned and they are aggressively raising their dividend which is a huge plus . With the rising gold price earnings are set to be even better .
Newcrest
LONG NCMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Go Long Newcrest Mining. $NCMWe broke out of the downtrend today, I do think the price will fall in the next few days (profit taking) and then continue to go higher.
Why?
Because Newcrest is forming a very nice inverse head and shoulder pattern.
Technical indicators such as moving averages, MACD, RSI, and DMI are looking good and on the bull's side.
Furthermore, Silver and Gold prices are likely to continue going higher in the short-medium term because of central banks' actions.
I am holding this stock and will look to buy more for the short-medium term.
LONG NEWCRESTExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG NCMGYExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
NCM targeting all time high and the 2.618 fib levelNCM looking golden. Shorts around all time high resistance and longs at overall support level.
NCM Kissing the 1.618 fib levelHey guys its bokchoininja here bringing you another analysis. This time we're doing NCM. Newcrest mining looks about to break out of resistance unless we see a pull back by tomorrow when the action starts. Newcrest is looking poised to hit the 2.618 if we do break above the resistance zone. If we just kiss the 1.618 we are looking to fall down to the love heart box at the 0.618 level. Check out aweeboneshTV on youtube for more content!
Newcrest Mining - Top Goldproducer No. 1As the coming days / weeks more and more attention will be paid to gold and silver, I start to introduce some producers.
Newcrest Mining is one of Australia's and World major gold producers.
With an All-In Sustaining Cost (AISC) of $ 738 / ounce of gold, the company is also among the most effictive gold-producing global players.
In Australia, it is produced by far the "cheapest" gold open pit with $ 147 AICS in Q.1 2019 - Cadia.
The other mine is Telfer with high AISC of $ 1,148 per ounce.
Papua New Guinea is producing $ 849 AICS at the Lihir Mine.
In Indonesia, the cost of Gosowong Mine is over $ 1,105 per ounce.
There are investments to Lundin Gold (27%) and Imperial Metals (70%).
Exploration is active in several countries: Australia, Papua New Guinea, USA, Argentina, Chile and Ecuador.
If the gold price on monthly closes price above $ 1,380, Newcrest Mining has one of the most prolific gold producers in the world, especially as the $ 1 billion debt is ridiculously low and could be immediately paid off with cash.
The dividend is now not high but at least $ 0.15 and typically between 10-30% of the free cash flow earned annually.
Greetings from Hannover
Stefan Bode
ASX:NCM Newcrest Mining (GOLD) Bullish Outlook This company has a high Price to Earnings ratio (33.72) relative to the sector (15.18). However, this can be explained as the stock is very strong fundamentally.
Newcrest has a very low debt to equity ratio (26.7%) for the size of the company (17.498bn). We can compare this to ASX:ASL Ausdrill, another gold company that closely tracks the global spot price of gold as both companies have a over 80% of revenue attributed to gold.
Ausdrill has a debt to equity ratio of 61.7% and only a market capitalisation of 0.9bn, yet trades at a Price to Earnings ratio of 27.72.
If we were to value Newcrest based against these statistics alone, the Price to Earnings of Newcrest should be 37.42 which is 10.97% higher than the current ratio. This would allow the price to break up above the trend and continue on an upward trajectory.
This discovery is significant because Newcrest can comfortably retain more debt which can bring benefits such as acquisitions or new project ventures that add value to the company, or an increase in shareholder dividends that adds value to the shareholders and as a result, an increase in share price.
The dividend yield of Newcrest (0.7%) is relatively low for the size of the company, especially when comparing the figure to Ausdrill (1.6%). The dividend stability of Newcrest is negligibly higher compared to the difference in return value between the two.
This is just a brief observation and should not be considered trading advice. I also have a bullish outlook on the global spot price of Gold which can be viewed in my related ideas below.
NCM: Looking for a test of the top bound +20% upsideI have been struggling to find longs in this market but NCM is an Oz puppy I like to trade as a gold proxy. It is gappy, it is volatile and it will pop with gold. Stock has been trading in a nice channel for about 15 months with the lower range at c$20 and top range at c.$24. 240M MACD crossing over and stock is trading just around the bottom of the range. What do you buy when the world is burning around you? Good old gold.
