NCM.AX Newcrest Mining (ASX) A$23.35 29 Jan 2026: heavy volume, see forecasts
NCM.AX stock trades at A$23.35 on the ASX intraday on 29 Jan 2026, down -1.27% from yesterday. Volume is elevated at 106,785,449 shares, more than 24.52x average, marking it among today’s most active ASX names. Intraday range sits between A$22.97 and A$23.62. The large volume reflects sector flows into gold and wider Basic Materials moves, and it is driving short-term volatility for Newcrest Mining Limited (NCM.AX).
NCM.AX stock intraday price and flow
Newcrest Mining Limited (NCM.AX) is trading at A$23.35 on the ASX, down A$0.30 or -1.27% today. The stock opened at A$23.24, with a day low of A$22.97 and a day high of A$23.62. One clear driver is trading flow: volume reached 106,785,449 shares versus an average of 4,354,702, giving a relative volume of 24.52. High volume often signals repositioning by funds or ETF flows in the Basic Materials sector.
NCM.AX stock valuation, earnings and fundamentals
Newcrest shows a trailing EPS of A$1.33 and a PE ratio of 17.56 on the current price. The company’s market capitalisation is A$20.88B. Key balance metrics include book value per share A$13.10, cash per share A$0.72, and debt to equity 0.17. These figures point to moderate leverage and a price-to-book of 1.25, which compares reasonably with the Basic Materials peer group. Investors should weigh earnings quality and capex needs when judging valuation.
NCM.AX stock technicals, averages and trend
The 50-day average price is A$25.44 and the 200-day average is A$25.93, both above the current price. NCM.AX sits between its 52-week high A$30.28 and low A$16.93, showing mid-term recovery from the low. Relative weakness versus moving averages suggests short-term sellers. However, the large intraday volume can precede renewed directional moves, so watch price acceptance above A$25.40 for a near-term trend change.
NCM.AX stock sector context and ETF flows
Gold and broader Basic Materials strength is supporting trading in NCM.AX stock. Large ETFs and index funds often rebalance into miners, which lifts intraday volume. See recent holdings data for context: Vanguard Ethically Conscious Australian ETF and Vanguard Australian Shares Index ETF list exposures that can move flows during reweighting windows. VETH holdings and VAS holdings show how ETF flows can affect top-cap miners. Internal investor interest is visible on the Meyka platform for NCM.AX Meyka NCM.AX page.
NCM.AX stock risks, catalysts and operational outlook
Primary risks include gold price moves, project execution at Cadia and Telfer, and geopolitical exposure in Papua New Guinea. Capital expenditure is material; capex to operating cash flow is 0.69, which signals ongoing investment. Catalysts include quarterly production updates, gold price rallies, and any changes to project timelines. Operational beat or miss relative to guidance will likely move the share price given today’s elevated liquidity.
Meyka AI rates NCM.AX with a score out of 100 and model forecast
Meyka AI rates NCM.AX with a score out of 100: 64.99 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade is informational only and not personalised advice.
Meyka AI’s forecast model projects A$38.75 in 12 months, A$47.12 in 3 years, and A$54.31 in 5 years. Compared with the current price A$23.35, the implied upside is 65.99% for 12 months, 101.79% for 3 years, and 132.60% for 5 years. Forecasts are model-based projections and not guarantees.
Final Thoughts
Intraday trading leaves NCM.AX stock at A$23.35 on 29 Jan 2026, showing active repositioning with 106,785,449 shares traded and a relative volume of 24.52. Valuation metrics—PE 17.56, price-to-book 1.25, and EPS A$1.33—point to a mature miner with moderate leverage. Operational updates and gold price direction remain the main catalysts. Meyka AI’s forecast model projects A$38.75 in 12 months, implying 65.99% upside versus the current price. Our view frames Newcrest as a holdable ASX heavyweight for long-term commodity exposure, while short-term trading will pivot on production updates and ETF flows. Use price acceptance above A$25.40 or below the recent low A$16.93 to guide risk-managed entries. Forecasts are model-based projections and not guarantees.
FAQs
What is the current price and intraday change for NCM.AX stock?
NCM.AX stock trades at A$23.35 on 29 Jan 2026, down -1.27% intraday. The day range is A$22.97–A$23.62, with volume 106,785,449, far above the average of 4,354,702 shares.
What are Meyka AI’s forecasts and implied upside for NCM.AX stock?
Meyka AI’s forecast model projects A$38.75 in 12 months, implying 65.99% upside versus A$23.35 today. Three-year and five-year targets are A$47.12 and A$54.31, implying 101.79% and 132.60% upside. Forecasts are model-based projections and not guarantees.
How does Newcrest’s valuation compare in the Basic Materials sector for NCM.AX stock?
NCM.AX shows a PE of 17.56 and price-to-book 1.25, which is modest versus some Basic Materials peers. Key ratios include debt/equity 0.17 and book value A$13.10 per share. These metrics indicate moderate valuation and leverage.
What are the main risks for NCM.AX stock investors?
Major risks for NCM.AX stock include gold price volatility, project execution at Cadia and Telfer, PNG political or operational disruptions, and elevated capex needs. Watch quarterly production reports and guidance for near-term price moves.
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.
