Pre-market on 05 Mar 2026, NCM.AX stock trades at A$23.35 with unusually high volume of 106,785,449 shares, making it one of the ASX most active names. The price is down A$0.30 or -1.27% versus the previous close. This surge in activity outpaces the average volume of 4,354,702 and signals heavy trader interest ahead of company and sector catalysts. We summarise the drivers, valuation, and a model-based outlook from Meyka AI for Newcrest Mining Limited on the ASX in Australia.

Market snapshot and pre-market flow for NCM.AX stock

NCM.AX stock opened at A$23.24 and is trading between A$22.97 and A$23.62 in pre-market on 05 Mar 2026. Market cap sits near A$20.88B and shares outstanding are 894,230,976. Relative volume is 24.52, flagging outsized flows versus the 50-day average of A$25.44 and 200-day average of A$25.93. For direct tick updates and order book context see the Meyka stock page for NCM.AX (ASX) at https://meyka.ai/stocks/NCM.AX

Fundamentals and valuation: PE, EPS, dividend and cash metrics

Newcrest (NCM.AX) posts EPS A$1.33 and a trailing PE of 17.56 based on the current price. Book value per share is A$13.10 and dividend per share is A$1.64 with a payout ratio of 61.31%. Key ratios show a price-to-book near 1.25, free cash flow per share A$0.56, and debt-to-equity 0.17, indicating a solid balance sheet for the gold sector in Australia.

Trading technicals and short-term levels for NCM.AX stock

Price is below the 50-day average of A$25.44 and below the 200-day average of A$25.93, leaving short-term resistance around A$25.50–A$26.00. Day range support sits near A$22.97 and year support at A$16.93. Average daily volume is 4,354,702, but today’s 106,785,449 indicates heavy intraday liquidity and possible block trades or ETF flows.

Sector context and catalysts affecting NCM.AX stock

Newcrest operates in the Basic Materials sector, industry Gold, where 6‑month performance is +34.88% and YTD is +9.06%. Major operational catalysts include Cadia, Telfer, Havieron and Papua New Guinea projects. Commodity drivers, particularly the gold price, remain primary valuation levers. For ETF and index exposure context see ASX ETF holdings lists for broader flows source and source.

Meyka AI rates NCM.AX with a score out of 100 and forecast

Meyka AI rates NCM.AX with a score out of 100 as 64.92 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector and industry peers, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects a 12‑month price of A$38.75, a 3‑year of A$47.12, and a 5‑year of A$54.31. Compared with the current price A$23.35, the 12‑month projection implies an upside of 65.97%. Forecasts are model-based projections and not guarantees.

Risks and near-term triggers for NCM.AX stock

Key risks include gold price decline, operational delays at major mines, cost inflation and sovereign risks in PNG and Canada. Near-term triggers are quarterly production updates, cost guidance changes and macro moves in real rates. Dividend sustainability depends on cash flow; free cash flow yield sits near 3.41%, so heavy capex or lower metals prices could pressure payouts.

Final Thoughts

NCM.AX stock trades as one of the ASX most active names in pre-market on 05 Mar 2026 at A$23.35, reflecting unusually heavy volume and concentrated flows. Fundamentals show EPS A$1.33, a trailing PE of 17.56, and a payout ratio of 61.31%, supporting a stable income profile but leaving sensitivity to gold price moves. Meyka AI’s forecast model projects a 12‑month target of A$38.75, implying 65.97% upside from the current price; this projection contrasts with a conservative grade B (64.92) and a HOLD suggestion. Traders should weigh the liquidity and sector momentum against operational and commodity risks before adjusting allocations. Forecasts are model-based projections and not guarantees, and investors should confirm company updates and gold market signals before acting. Meyka AI provides this AI-powered market analysis platform view to help frame NCM.AX trading and investment decisions on the ASX in Australia.

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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.