Most active: NCM.AX Newcrest Mining (ASX) A$23.35 intraday, watch A$25.44

NCM.AX stock is trading at A$23.35 intraday on 22 Jan 2026 after a small drop of -1.27% as heavy volume pushes the name onto Australia’s most active list. The price sits below the 50-day average of A$25.44 and the 200-day average of A$25.93, signaling short-term pressure against longer-term support. Traders are watching volume of 106,785,449 and a relative volume spike that suggests institutional flows are driving the move. We summarise valuation, technical levels, Meyka AI grade and forecast for Newcrest Mining Limited (NCM.AX) on the ASX.

Intraday snapshot for NCM.AX stock

NCM.AX stock opened at A$23.24 and is trading between A$22.97 and A$23.62 intraday. The previous close was A$23.65, giving a one-day change of -0.30. Market cap stands near A$20.88 billion, and shares outstanding are 894,230,976.

Trading activity and volume drivers

Volume today is 106,785,449, far above the 30-day average of 4,354,702, producing a relative volume of 24.52. High turnover confirms NCM.AX is one of the ASX most active names and increases intraday volatility. Traders should note the day range and the gap below the 50-day average A$25.44, which acts as immediate resistance.

Fundamentals and valuation for NCM.AX stock

Newcrest reports EPS of A$1.33 and a trailing PE near 17.56, roughly in line with large-cap miners. Price-to-book is 1.20 and EV/EBITDA is about 7.42, indicating moderate valuation versus peers in the Basic Materials sector. Balance sheet metrics show debt-to-equity of 0.17 and interest coverage near 9.15, supporting financial flexibility.

Meyka AI grade, model forecast and analyst context

Meyka AI rates NCM.AX with a score out of 100: Score 64.88 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics and analyst signals. Meyka AI’s forecast model projects a 1-year price of A$38.75, a 3-year price of A$47.12, and a 5-year price of A$54.31 versus the current A$23.35.

Technical levels, price targets and strategy

Near-term resistance sits at the 50-day moving average A$25.44 and the year high A$30.28. Support is at the year low A$16.93 and intraday low A$22.97. Realistic trader price targets: conservative A$26.00, base case A$30.00, stretch A$38.00 aligned with Meyka model year projection. Use stop-losses below A$22.00 for short-term trades.

Risks, catalysts and sector backdrop

Key risks include commodity price swings for gold and copper, operational disruptions at Cadia or Telfer, and geopolitical exposure in PNG and Canada. Catalysts include quarterly production updates and any revision to the company’s guidance. The Basic Materials sector has posted 3-month gains of 8.91%, which supports commodity names but raises correlation risk.

Final Thoughts

NCM.AX stock is an intraday most-active leader at A$23.35, trading on outsized volume and facing resistance at the 50-day average A$25.44. Fundamentals show EPS A$1.33, PE 17.56, healthy interest coverage and a modest debt load, which underpin the Hold-grade from Meyka AI. Meyka AI’s forecast model projects A$38.75 in one year, an implied upside of 65.97% versus the current price. Longer-term projections show A$47.12 in three years (+101.81%) and A$54.31 in five years (+132.69%). Forecasts are model-based projections and not guarantees. For active traders, watch intraday volume spikes and the A$25.44 resistance; for investors, balance commodity exposure and operational risk within a diversified portfolio. Visit the NCM.AX stock page on Meyka for realtime tools and AI-powered market analysis.

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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.