Shares of Newcrest mining are consolidating near three-month lows in front of the release of their Quarterly production report tomorrow.
Our ALGO engine triggered a buy signal on NCM on Monday at $20.04 and the stock has been added to our ASX Top 50 model portfolio.
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The recent slide in Spot Gold appears to be finding support around the $1200.00 area, which is a net positive for the stock.
We have a medium-term upside target for NCM in the $24.25 area.
Newcrest Mining
