A$23.35 NCM.AX Newcrest Mining (ASX) 09 Jan 2026: intraday volume spike to watch
Newcrest Mining Limited (NCM.AX stock) trades A$23.35 intraday on 09 Jan 2026 with unusually heavy activity. Volume sits at 106,785,449 shares against an average daily volume of 4,354,702, a relative volume of 24.52. The stock is down 1.27% for the session with a day range of A$22.97–A$23.62. This intraday move matters because it combines valuation metrics and sector trends that influence near-term trading and position sizing for ASX investors.
Intraday moves and volume: NCM.AX stock
Liquidity is active for NCM.AX stock with 106,785,449 shares traded so far. The stock opened at A$23.24 and is trading at A$23.35 on the ASX, showing intraday weakness of -A$0.30. High volume and a relative volume of 24.52 suggest short-term traders and block sellers are present.
Price, valuation and fundamentals: NCM.AX stock analysis
Newcrest shows a trailing EPS of A$1.33 and a PE ratio near 17.56. Market capitalisation is A$20.88 billion and book value per share is A$13.10. Key ratios include price‑to‑book 1.19 and debt‑to‑equity 0.17, indicating a conservative balance sheet for a gold miner.
Technical context and moving averages: NCM.AX stock technicals
The 50‑day average is A$25.44 and the 200‑day average is A$25.93, both above the current price. The stock sits closer to its year low of A$16.93 than its year high of A$30.28. That position signals the stock is trading below medium‑term trend lines and could invite mean‑reversion or further distribution.
Sector and peer signals impacting NCM.AX stock
Gold and basic materials momentum supports NCM.AX stock sentiment across the ASX. Commodity peers are driving sector YTD gains, raising correlation risk for Newcrest. For peer context see recent coverage of OZ Minerals and Auteco Minerals as sector reference points OZL analysis and AUT update.
Meyka AI grade and analyst framing for NCM.AX stock
Meyka AI rates NCM.AX with a score out of 100: 69.10, Grade B, Suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Investors should treat the grade as a data signal, not personalised advice.
Meyka AI forecast and price targets for NCM.AX stock
Meyka AI’s forecast model projects a 1‑year target of A$34.60, implying an upside of 48.17% from A$23.35. The 3‑year target is A$42.91 (+83.79%) and the 5‑year target is A$51.28 (+119.66%). Forecasts are model‑based projections and not guarantees, and they assume stable gold prices and execution at Newcrest’s major assets.
Final Thoughts
NCM.AX stock is trading at A$23.35 intraday on 09 Jan 2026 with exceptionally high volume and a relative volume of 24.52, signalling active repositioning. Fundamentals show an EPS of A$1.33 and a PE of 17.56, while the 50‑ and 200‑day averages sit above current price. Meyka AI’s forecast model projects A$34.60 in one year, an implied 48.17% upside versus today. The Meyka grade of 69.10 (B, HOLD) balances a conservative balance sheet and solid cash flow against commodity cyclicality. Traders should weigh short‑term liquidity and technical resistance near A$25.40–A$25.93 with longer‑term model upside. Forecasts are model‑based projections and not guarantees. Use position sizing and stop limits when trading NCM.AX stock on the ASX, and consider sector momentum before adding exposure.
FAQs
What is the current intraday price of NCM.AX stock?
NCM.AX stock trades at A$23.35 intraday on 09 Jan 2026, with a day range of A$22.97–A$23.62 and volume at 106,785,449 shares so far on the ASX.
What target does Meyka AI forecast for NCM.AX stock?
Meyka AI’s forecast model projects a 1‑year target of A$34.60, implying approximately 48.17% upside from the current A$23.35 price. Forecasts are projections, not guarantees.
How does Newcrest’s valuation compare to peers for NCM.AX stock?
NCM.AX stock has a PE of 17.56 and price‑to‑book of 1.19, which is reasonable versus major gold peers. Debt metrics are conservative with debt‑to‑equity near 0.17, reducing balance sheet risk.
What risks should traders watch for NCM.AX stock?
Risks for NCM.AX stock include gold price volatility, operational disruptions at major mines, and short‑term liquidity swings evidenced by large intraday volume. Model forecasts assume stable commodity prices.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
