Business
Here’s why the Newcrest (ASX:NCM) share price is underperforming
The Newcrest Mining Ltd (ASX: NCM) share price is having a fun day today. Newcrest shares are up 1.07% at the time of writing to $26.51 a share. But that doesn’t paper over the last few months. The Newcrest share price is down more than 17% over the past year, and almost 28% since early August.
On one hand, one might be able to explain this move by a commensurate fall in the price of gold. Price movements of a resources companies’ underlying commodity are normally what’s to blame for these kinds of moves.
And looking at the gold price, it has been in a downward spiral since August. That was when gold broke it’s all-time high and climbed over US$2,000 an ounce for the first time. Since then, gold has retreated somewhat and…
-
Noosa News15 hours agoFrom pigeons and Morse code to satellites and cyberspace: 100 years of the Royal Australian Corps of Signals
-
Noosa News15 hours ago“I Do My Best Work in the Dark”: Jenna Ortega Gets Creepy and Kooky Again in the First ‘Wednesday’ Season Two Trailer
-
General17 hours agoLabor and the Coalition have pledged billions of dollars towards health this campaign. But what will it mean for you?
-
General14 hours agoMarkets live updates: ASX poised to follow Wall Street, European stocks higher on softer Trump stance