NCM.AX stock A$23.35 pre-market 17 Feb 2026: High volume makes it Australia’s most active trade

NCM.AX stock opened pre-market at A$23.35 on 17 Feb 2026 and shows heavy interest before the ASX session. Volume is at 106,785,449 shares, well above the 50-day average of 4,354,702, marking the name as one of the most active Australian trades. The price is A$0.30 lower, down -1.27%, with the session range at A$22.97–A$23.62. Traders are watching the gap below the 50-day A$25.44 and 200-day A$25.93 averages. Meyka AI flags liquidity and sector context for short-term setups

NCM.AX stock price action and pre-market trading

Pre-market prints show NCM.AX stock at A$23.35 after an open of A$23.24. The intraday low is A$22.97 and high A$23.62. Relative volume is elevated at 24.52x the norm, confirming the ‘most active’ tag. The share price sits below both the 50-day A$25.44 and 200-day A$25.93 averages, signalling near-term technical pressure. Key swing levels are A$16.93 (year low) and A$30.28 (year high).

NCM.AX stock fundamentals and valuation analysis

Newcrest Mining Limited (NCM.AX) reports EPS A$1.33 and a PE ratio near 17.56 on the ASX. Market capitalisation is A$20.88 billion. The company shows a healthy current ratio of 1.68 and debt to equity of 0.17. Price-to-book is about 1.26, and payout ratio is 61.31% with dividend per share around A$1.65. The metrics point to a value tilt versus the Basic Materials peer group where average PE is 25.63. This makes NCM.AX stock relatively cheaper on earnings multiples.

NCM.AX stock: Meyka AI grade and model forecast

Meyka AI rates NCM.AX with a score out of 100: 64.78 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12‑month price of A$38.75. Versus today’s A$23.35, that implies an upside of 65.99%. The model also shows a 3‑year projection of A$47.12. Forecasts are model-based projections and not guarantees.

NCM.AX stock catalysts, risks and sector context

Primary catalysts for NCM.AX stock include global gold prices and operational updates from Cadia, Telfer and Havieron. Near-term risks are metal price swings, PNG permits for Wafi‑Golpu, and production interruptions. The Basic Materials sector in Australia remains cyclical. Newcrest’s lower PE versus sector average suggests valuation support, but commodity sensitivity raises volatility for traders and income investors alike.

NCM.AX stock trading setup, liquidity and technical levels

For active traders, NCM.AX stock offers deep liquidity with current volume 106,785,449 and average volume 4,354,702. Short-term resistance sits at A$25.44 and A$25.93. Support lies near A$22.97 and the year low A$16.93. Suggested price targets: near-term A$26.00, 12‑month A$38.75, 3‑year A$47.12. Use stop-loss discipline on swings given the commodity-driven volatility. See Newcrest on Meyka for live data: Newcrest on Meyka.

Final Thoughts

NCM.AX stock is trading as one of the ASX’s most active names pre-market at A$23.35 on 17 Feb 2026. Heavy volume and a price below the 50-day A$25.44 and 200-day A$25.93 averages highlight short-term downside risk. Fundamentals remain solid with EPS A$1.33, PE about 17.56, and a market cap near A$20.88 billion, which keep valuation attractive versus sector peers. Meyka AI’s forecast model projects A$38.75 in 12 months, implying ~65.99% upside from today. That projection supports a balanced HOLD view, but commodity cyclicality and project-specific risks can produce rapid swings. For active traders the name offers liquidity and clear technical pivots. For income investors, Newcrest’s dividend and payout ratio add an income layer, but expect higher variability. All forecasts are model-based and not guarantees. Follow company updates and gold price moves for timing

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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.