Australian Stock Report - Share Tips
Shares To Buy : Newcrest Mining (ASX: NCM)
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Publish date: Fri, 30 Aug 2019, 02:28 PM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
About the Company
Newcrest Mining (ASX: NCM) is Australia’s largest and most liquid Gold and Copper producer. The company owns and operates a portfolio of predominantly low cost, long life mines and has a strong pipeline of brownfield and greenfield exploration projects. Reserve and resource base is strong, with gold reserves representing more than 25 years of production at current rates. Newcrest's asset portfolio includes operating mines that use a variety of efficient mining methods for large ore bodies, together with selective underground mining methods to optimise high-grade deposits. The mines include: Cadia Valley in New South Wales, Telfer in Western Australia, Gosowong in Indonesia, Lihir in the PNG and Bonikro in the Cote d'Ivoire, Africa.
Our View
Optimising the performance of each of the mining assets represents the core strategic aim of the management team, with a stated aim of debottlenecking workflow to improve operating efficiency and maximise production at the lowest operating cost. The sale of non-core assets and in particular the Hidden Valley mine in the PNG has enabled the company to refocus its executive team on high grade assets to generate improved operating performance and invest in new technologies to improve productivity.
Gold is a scarce resource with only 161,000 tons ever mined, enough to fill two Olympic size swimming pools. This scarcity makes it a store of value and explains why investors seek it in times of financial or geo political turmoil. Gold is a natural hedge against the swings in equity values, in a time of falling share prices Gold prices rise. Holding a Gold stock in your portfolio effectively lowers your combined investment risk and enables you to generate more consistent lower risk return. Gold also rises in a period of inflation, after a decade of central bank quantitative easing we expect there will now be a period of rising prices and this will result in a higher Gold prices.
Source: HALO Technologies – 10:30am AEDT, 30.08.2019
The post Shares To Buy : Newcrest Mining (ASX: NCM) appeared first on Australian Stock Report.
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