Newcrest Mining Limited (NCMGF)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Newcrest Mining Limited (NCMGF) with AI Score 50/100 (Hold). Newcrest Mining Limited is a global gold and copper mining company with operations in Australia, Papua New Guinea, Canada, and Ecuador. Market cap: 0, Sector: Basic materials.
Last analyzed: Mar 17, 2026Newcrest Mining Limited (NCMGF) Materials & Commodity Exposure
Newcrest Mining Limited is a leading gold producer with a diversified portfolio of mines and projects across multiple continents. The company distinguishes itself through its focus on large-scale, long-life assets and its exposure to both gold and copper markets within the basic materials sector.
Investment Thesis
Newcrest Mining Limited presents a compelling investment case based on its diversified asset base, exposure to rising gold prices, and potential for production growth. With a market capitalization of $13.59 billion and a P/E ratio of 19.06, the company demonstrates financial stability. A key value driver is the company's high dividend yield of 10.00%, offering investors a significant income stream. Growth catalysts include the expansion of existing operations, such as the Cadia East underground mine, and the development of new projects like the Havieron project in Western Australia. Potential risks include fluctuations in gold and copper prices, operational challenges at its mines, and geopolitical risks in the countries where it operates.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $13.59 billion reflects Newcrest's significant presence in the gold mining industry.
- P/E ratio of 19.06 indicates a reasonable valuation compared to its earnings.
- Profit margin of 17.3% showcases the company's ability to generate profits from its operations.
- Gross margin of 46.6% highlights the efficiency of Newcrest's mining and processing activities.
- Dividend yield of 10.00% provides a substantial return to shareholders, making it attractive to income-seeking investors.
Competitors & Peers
Strengths
- Large-scale, low-cost operations.
- Diversified asset base across multiple continents.
- Strong technical expertise in exploration and mine development.
- High dividend yield.
Weaknesses
- Exposure to fluctuations in gold and copper prices.
- Operational challenges at remote mine sites.
- Geopolitical risks in certain operating countries.
- Dependence on a limited number of key assets.
Catalysts
- Ongoing: Expansion of the Cadia East underground mine, expected to increase gold and copper production.
- Upcoming: Development of the Havieron project, with potential for first production within the next 5-7 years.
- Ongoing: Exploration and resource expansion at existing mines, with potential for new discoveries.
- Ongoing: Implementation of technological innovation and efficiency improvements, expected to reduce operating costs.
- Ongoing: High dividend yield of 10.00% attracts income-seeking investors.
Risks
- Potential: Fluctuations in gold and copper prices could impact revenue and profitability.
- Ongoing: Operational challenges at remote mine sites could disrupt production.
- Potential: Geopolitical risks in certain operating countries could lead to disruptions or asset seizures.
- Potential: Environmental regulations and community opposition could delay or halt projects.
- Ongoing: As an OTC stock, NCMGF has less regulatory oversight.
Growth Opportunities
- Growth opportunity 1: Expansion of Cadia Valley Operations: The Cadia East underground mine is a key growth driver for Newcrest. Continued expansion and optimization of this operation could lead to increased gold and copper production, lower operating costs, and extended mine life. The market for copper and gold concentrates is expected to grow, driven by demand from emerging economies and the transition to renewable energy sources. Timeline: Ongoing, with potential for further expansion over the next 5-10 years.
- Growth opportunity 2: Development of Havieron Project: The Havieron project in Western Australia represents a significant growth opportunity for Newcrest. This project has the potential to become a major gold-copper mine, adding substantial production capacity to the company's portfolio. The project is currently in the exploration and feasibility stage, with potential for development in the coming years. Timeline: Development expected to commence within the next 3-5 years, with production starting within 5-7 years.
- Growth opportunity 3: Exploration and Resource Expansion: Newcrest has a strong focus on exploration and resource expansion at its existing mines and projects. Successful exploration efforts could lead to the discovery of new ore bodies, increased reserves, and extended mine lives. The company invests in advanced exploration technologies and employs experienced geologists to identify and evaluate potential targets. Timeline: Ongoing, with continuous exploration activities at various sites.
- Growth opportunity 4: Technological Innovation and Efficiency Improvements: Newcrest is investing in technological innovation and efficiency improvements to reduce operating costs and increase production. This includes the use of automation, data analytics, and advanced mining techniques. These initiatives have the potential to improve the company's competitiveness and profitability. Timeline: Ongoing, with continuous implementation of new technologies and processes.
- Growth opportunity 5: Strategic Acquisitions and Joint Ventures: Newcrest may pursue strategic acquisitions and joint ventures to expand its portfolio and gain access to new resources or technologies. The company has a track record of successful acquisitions and partnerships, and it may consider further opportunities to enhance its growth prospects. Timeline: Opportunistic, with potential for acquisitions or joint ventures in the coming years.
Opportunities
- Expansion of existing operations, such as Cadia East.
- Development of new projects, such as Havieron.
- Exploration and resource expansion at existing mines.
- Strategic acquisitions and joint ventures.
Threats
- Declining gold and copper prices.
- Increased operating costs due to inflation and supply chain disruptions.
- Environmental regulations and community opposition.
- Political instability and regulatory changes in operating countries.
Competitive Advantages
- Scale: Newcrest operates large-scale, low-cost mines, providing a cost advantage over smaller competitors.
- Diversified Asset Base: The company has a diversified portfolio of mines and projects across multiple continents, reducing its exposure to regional risks.
- Technical Expertise: Newcrest has a strong technical team with expertise in exploration, mine development, and operations.
- Long-Life Assets: The company's mines have long reserve lives, providing a sustainable source of production and cash flow.
About NCMGF
Founded in 1966 and headquartered in Melbourne, Australia, Newcrest Mining Limited has evolved into one of the world's largest gold mining companies. Initially focused on Australian operations, Newcrest has expanded its global footprint through strategic acquisitions and organic growth. The company's core business involves the exploration, development, and operation of gold and gold-copper mines. Its key assets include the Cadia Valley Operations in Australia, known for its large ore body and low-cost production; the Lihir mine in Papua New Guinea, a world-class gold deposit; the Red Chris mine in British Columbia, Canada, a copper-gold porphyry deposit; and the Fruta Del Norte mine in Ecuador. Newcrest also holds interests in other exploration projects and joint ventures. The company sells gold in the form of doré bars and gold/copper concentrates to customers worldwide. With a focus on sustainable mining practices and responsible resource management, Newcrest aims to deliver long-term value to its shareholders and stakeholders.
What They Do
- Explores for gold, copper, and silver deposits.
- Develops and operates gold and gold-copper mines.
- Produces gold doré bars and gold/copper concentrates.
- Sells gold and gold/copper concentrates to customers worldwide.
- Engages in sustainable mining practices.
- Manages environmental and social impacts of mining operations.
- Invests in exploration and resource expansion.
- Focuses on technological innovation and efficiency improvements.
Business Model
- Generates revenue from the sale of gold doré bars and gold/copper concentrates.
- Focuses on large-scale, low-cost mining operations.
- Invests in exploration to discover new ore bodies and expand reserves.
- Manages costs through operational efficiency and technological innovation.
Industry Context
Newcrest Mining Limited operates within the global gold mining industry, which is characterized by cyclical price fluctuations and increasing demand for precious metals as a safe-haven asset. The industry is highly competitive, with major players including Barrick Gold, Newmont Corporation, and AngloGold Ashanti. The gold mining industry is influenced by macroeconomic factors such as interest rates, inflation, and currency movements. Newcrest's diversified portfolio of mines and projects across different geographies helps mitigate risks associated with specific regions or political environments. The company's focus on large-scale, low-cost operations positions it favorably in the competitive landscape.
Key Customers
- Refineries that process gold doré bars.
- Smelters that process gold/copper concentrates.
- Industrial users of gold and copper.
- Financial institutions and investors who purchase gold as an investment.
Financials
Chart & Info
Newcrest Mining Limited (NCMGF) stock price: Price data unavailable
Latest News
-
Stocks That Achieved 52-Week Highs Monday Morning
· Aug 5, 2019
-
Stocks that Broke 52-Week Highs Tuesday
· Jul 23, 2019
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NCMGF.
Price Targets
Wall Street price target analysis for NCMGF.
MoonshotScore
What does this score mean?
The MoonshotScore rates NCMGF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Sherry Leigh Duhe
CEO
Sherry Duhe brings extensive experience in the mining and resources sector to her role as CEO of Newcrest Mining. Prior to joining Newcrest, she held leadership positions at Rio Tinto, where she oversaw various aspects of the company's operations, including strategy, business development, and operational performance. She has a strong background in engineering and finance, with a proven track record of driving growth and improving operational efficiency. Her expertise spans across multiple commodities and geographies.
Track Record: Since assuming the role of CEO, Sherry Duhe has focused on optimizing Newcrest's existing operations, advancing key development projects, and strengthening the company's financial position. She has also emphasized sustainable mining practices and responsible resource management. Key milestones under her leadership include the progress of the Havieron project and the expansion of the Cadia East underground mine.
NCMGF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Newcrest Mining Limited (NCMGF) may have limited regulatory oversight and reporting requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier may not meet the minimum financial standards or disclosure requirements necessary for listing on a national exchange. This tier is often associated with higher risk due to the potential for less transparency and greater price volatility.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight and reporting requirements.
- Lower trading volumes and wider bid-ask spreads.
- Potential for price manipulation and fraud.
- Higher risk of financial distress or bankruptcy.
- Limited access to company information and management.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Check for any regulatory actions or legal disputes involving the company.
- Monitor the company's news and press releases for any material developments.
- Consult with a qualified financial advisor before investing.
- Established mining operations in multiple countries.
- History of gold production and sales.
- Presence of institutional investors.
- Independent audits of financial statements.
- Active investor relations program.
What Investors Ask About Newcrest Mining Limited (NCMGF)
What does Newcrest Mining Limited do?
Newcrest Mining Limited is a global gold and copper producer with a portfolio of operating mines and exploration projects in Australia, Papua New Guinea, Canada, and Ecuador. The company explores, develops, and operates mines, producing gold doré bars and gold/copper concentrates. It sells these products to refineries and smelters worldwide. Newcrest focuses on large-scale, low-cost operations and invests in exploration to expand its resource base. The company is committed to sustainable mining practices and responsible resource management.
What do analysts say about NCMGF stock?
Analyst consensus on NCMGF is pending, but key valuation metrics include a P/E ratio of 19.06 and a dividend yield of 10.00%. Growth considerations center on the expansion of existing operations, such as the Cadia East underground mine, and the development of new projects like the Havieron project. Risks include fluctuations in gold and copper prices, operational challenges, and geopolitical factors. Investors should conduct their own due diligence and consider their individual risk tolerance before investing.
What are the main risks for NCMGF?
The main risks for Newcrest Mining Limited include fluctuations in gold and copper prices, which can impact revenue and profitability. Operational challenges at remote mine sites, such as weather-related disruptions or equipment failures, can also affect production. Geopolitical risks in certain operating countries, such as political instability or regulatory changes, could lead to disruptions or asset seizures. Environmental regulations and community opposition can delay or halt projects. As an OTC stock, NCMGF has less regulatory oversight.
What are the key factors to evaluate for NCMGF?
Newcrest Mining Limited (NCMGF) currently holds an AI score of 50/100, indicating moderate score. Key strength: Large-scale, low-cost operations.. Primary risk to monitor: Potential: Fluctuations in gold and copper prices could impact revenue and profitability.. This is not financial advice.
How frequently does NCMGF data refresh on this page?
NCMGF prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven NCMGF's recent stock price performance?
Recent price movement in Newcrest Mining Limited (NCMGF) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Large-scale, low-cost operations.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider NCMGF overvalued or undervalued right now?
Determining whether Newcrest Mining Limited (NCMGF) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying NCMGF?
Before investing in Newcrest Mining Limited (NCMGF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for NCMGF.
- OTC market data may be less reliable than exchange-listed data.