newswire fyi

you may have already seen this one, re production targets and prices

DJ MARKET TALK: Newcrest Earnings May Be Lower Than Expected - Brokers

0047 GMT [Dow Jones] Newcrests' (NCM.AU) fiscal 2012 earnings may be lower
than expected after it reported a 16% fall in first-quarter production. Macquarie says
it's likely to revise down its fiscal 2012 production and earnings forecasts by
2%-6%, but remains comfortable with its Outperform rating and A$50 target because
"Newcrest represents significant upside to current prices based on its suite of tier
1 low cost assets." Credit Suisse also keeps its Outperform rating and A$50 target,
but sees some risk to full-year production being achieved, as it implies a significant
increase in quarterly production to be driven by higher throughput and higher grades
across the operations." NCM last down 4.6% at A$34.11. ([email protected])

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(END) Dow Jones Newswires
October 19, 2011 20:47 ET (00:47 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.

Thursday 20 October 2011 11:47:00.000 AEST