Newcrest shares likely to face continued pressure. Analysts at Citi have issued a second downgrade of their target price from $13 down to $11. The downgrade come amongst rumblings of asset sales and a potential equity raising that would likely increase pressure on the faltering share price. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.