Newcrest Mining Ltd has been urged by JPMorgan to seek a...

Newcrest Mining Ltd has been urged by JPMorgan to seek a secondary listing on the Toronto Stock Exchange, according to a report by The Australian.

Late last year the gold miner reportedly began to target a northern hemisphere listing, with Canada the preferred location.

JPMorgan sees Newcrest Mining's total output climbing by 85 per cent between 2009-2010 and 2014-2015, according to the newspaper.

JPMorgan boosted its 2010-2011 earnings forecast for Newcrest by two per cent to $1.23 billion, despite an expected loss of 50,000 ounces worth of gold production because of Australian floods and Ivory Coast unrest.

Deutsche Bank, however, has forecast a six per cent drop from 2010-2011 earnings and Credit Suisse cut its full-year earnings targets by 3.4 per cent.