Newcrest Mining (NCM) Shares "Buy 2"
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FacebookUBS has upgraded their recommendation for Newcrest Mining (NCM) stock to Buy 2 with a share price target of $28.00 based on P/NPV of 2.5x. Valuation and earnings estimates remain at $9.59. UBS notes that there is a long term value opportunity for the business but in the short term there may be some further disappointment. Newcrest Mining Limited is listed on the Australian Stock Exchange (ASX) under stock code NCM. Check your charts!
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