NCM 0.00% $23.35 newcrest mining limited

new response..15% increase in profit guidance, page-12

  1. 837 Posts.
    I think NCM is a pretty mature company, it's got a 15 billion market cap, almost the same as RIO TINTO.

    I'd look for something cheaper.

    Dividends Per Share 10.00c
    Dividend Yield 0.32%
    Gross Dividend Amount 10.00c
    Current Dividend Amount 10.00c

    PE of 30

    If they produce 1.8 million oz, say they make $500 profit per ounce, that's 900 million in profit, almost a billion. So it has a PE of 15 when you look at it that way. I'm not sure of their costs but there are much cheaper goldies out there. PE of 15 is not cheap especially during the greatest credit crisis in history, I am sure most people could do much better to find something other than NCM.



 
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