Brokers are still mixed on the future of Newcrest following their latest quarterly report last week
Brokers are still mixed on the future of Newcrest following their latest quarterly report last week. Whilst Citi and UBS are bearing, rating the gold miner as Underperform, Macquarie and JPMorgan remain optimistic and have rated the company Outperform, saying the recent falls have gone too far. CIMB and Credit Suisse have downgraded the company to Neutral, bringing it in line with BoA Merrill Lynch. Most brokers appear to believe the company has moved forward from its production issues, and cost issues will improve. However, some brokers see more risk than others for the future of the company.