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.
NCM Price at posting:
$31.40 Sentiment: None Disclosure: Not Held