Newcrest Mining Limited (OTCMKTS:NCMGY)’s stock price shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $21.70 and last traded at $21.55. 21,639 shares were traded during mid-day trading, a decline of 59% from the average session volume of 53,352 shares. The stock had previously closed at $21.52.
Separately, The Goldman Sachs Group raised shares of Newcrest Mining from a “neutral” rating to a “buy” rating in a research report on Thursday, April 15th.
The company’s 50 day moving average is $21.32.
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; and Lihir, Papua New Guinea.
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