Some info on NCM and share price movement?
One of the main arguments in support of buying Newcrest shares is the company’s large gold reserves, estimated to allow production for the next 40 years. It is the largest singly held reserve in the world and with a battered share price several analysts are talking up the possibility Newcrest could be subject to a takeover bid by a rival company.
A canvas of analyst opinions by Bloomberg produced a mixed bag of companies who might be interested in acquiring Newcrest’s assets. These included America’s largest gold producer Newmont Mining (NYSE: NEM), Australia’s third largest gold producer Anglogold Ashanti (ASX: AGG), or even a Chinese gold miner looking to acquire new assets.
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