NCMGF - Newcrest Mining Limited: Buy The Dip In This Low-Cost Gold Miner
Newcrest Mining Limited (NCMGF) (NCMGY) with a market cap of $16.7 billion is Australia's largest gold miner. The company is recognized as one of the world's lowest cost producers benefiting from a collection of world-class assets and large reserves. We like Newcrest given a solid balance sheet, and consistent profitability. While the outlook is positive supported by current bullish trends in precious metals, Newcrest stock has underperformed sector benchmarks, given softer production in the last quarter and uncertainty regarding its 'Wafi-Golpu' joint venture in Papua New Guinea. We believe the pullback from highs