Newcrest Mining (NCMGY) Upgraded by JPMorgan Chase & Co. to Overweight

JPMorgan Chase & Co. upgraded shares of Newcrest Mining (OTCMKTS:NCMGY) from a neutral rating to an overweight rating in a research note released on Tuesday, MarketBeat reports.

Separately, Goldman Sachs Group downgraded Newcrest Mining from a conviction-buy rating to a neutral rating in a research note on Friday, November 24th.

Newcrest Mining (OTCMKTS NCMGY) opened at $17.46 on Tuesday. Newcrest Mining has a 52 week low of $14.33 and a 52 week high of $19.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.88 and a quick ratio of 1.04.

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About Newcrest Mining

Newcrest Mining Limited is a gold mining company. The Company is engaged in exploration, mine development, mine operations, and the sale of gold and gold/copper concentrate. It owns and operates a portfolio of mines and a pipeline of brownfield and greenfield exploration projects. Its operating segments include Cadia, Australia; Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Hidden Valley JV, Papua New Guinea; Bonikro, Cote d’Ivoire, and Exploration and Other.

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