NCM – Citi rates as Buy

Citi analysts highlight the "high takeover appeal" that is currently swirling over the Newcrest Mining share price. They believe it is far more cost-effective for one of the international majors in the sector to buy Newcrest than to try to build a similar suite of assets from scratch.

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NCM – Citi rates the stock as Buy

Citi analysts highlight their preferred gold exposures in the Australian share market as US election uncertainty dominates. Buy-rated stocks Newcrest and Northern Star ((NST)) are most preferred. In the analysts own words, "for operational and financial quality as well as mid-range FCF/EPS sensitivity to gold price".

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