NCM.AX stock Newcrest Mining (ASX) A$23.35 intraday 24 Feb 2026: heavy volume

Intraday, NCM.AX stock is trading at A$23.35 on 24 Feb 2026 while volume surges to 106,785,449 shares, roughly 24.52x average. The jump in activity puts Newcrest Mining Limited (NCM.AX) at the centre of today’s most active list on the ASX, driven by short-term selling pressure and larger block trades. Price is down A$0.30 (-1.27%) from yesterday’s close, with a intraday range of A$22.97–A$23.62. We review valuation, flows, Meyka AI grade and model forecasts to frame near-term trade and longer-term investment context.

Intraday snapshot: NCM.AX stock

NCM.AX stock is at A$23.35 with yesterday’s close A$23.65 and an intraday low of A$22.97. Volume of 106,785,449 versus average volume 4,354,702 signals heavy trading interest and elevated volatility. The stock’s 50-day average is A$25.44 and 200-day average is A$25.93, both above the current price, showing short-term underperformance against longer-term averages.

Valuation and financials: NCM.AX stock

Newcrest Mining Limited (NCM.AX) carries a trailing PE of 17.56 with EPS of A$1.33 and market capitalisation about A$20.88B. The company’s book value per share is A$13.10 and dividend per share TTM is A$1.65. Compared with the Basic Materials gold industry average PE of 24.09, NCM.AX stock looks cheaper on headline multiples, while price-to-book at 1.26 is modest versus peers. Key ratios include current ratio 1.68 and debt/equity 0.17, indicating conservative leverage for a gold major.

Volume, technicals and trading flow for NCM.AX stock

Today’s 106,785,449 shares traded equate to a relative volume of 24.52, pointing to large block activity or index rebalancing flows. Short-term momentum shows a pullback from the year high A$30.28 and year low A$16.93, with 1M change -1.27% and 3M change -8.29%. Traders should watch the A$22.97 intraday low and the A$25.44 50-day average as immediate support and resistance markers.

Meyka grade & forecast: NCM.AX stock

Meyka AI rates NCM.AX with a score out of 100: 64.87 | Grade: B | Suggestion: HOLD. This grade factors S&P 500 and sector comparison, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month price of A$38.75, implying 65.97% upside from the current A$23.35. Three-year and five-year model projections are A$47.12 and A$54.31 respectively. Forecasts are model-based projections and not guarantees.

Risks and catalysts for NCM.AX stock

Key upside catalysts include stronger gold prices, higher-grade production updates from Cadia or Lihir, and positive cost guidance. Major risks are weaker gold prices, project execution delays at Havieron or Wafi-Golpu, and geopolitical or permitting setbacks in Papua New Guinea. Currency swings in AUD versus USD will also affect reported earnings and investor sentiment.

Strategy for traders and investors: NCM.AX stock analysis

For intraday and short-term traders, heavy volume and wide intraday range create scalping and mean-reversion opportunities between A$22.97 and A$25.44. For longer-term investors, a HOLD bias aligns with Meyka’s grade; consider staged entries on weakness with an eye on cost guidance and gold price moves. Use the Newcrest investor centre and ASX announcement feed to confirm corporate updates: Newcrest Investor Centre and ASX company page for Newcrest. For live quote and screening use our Meyka stock page: NCM.AX on Meyka.

Final Thoughts

NCM.AX stock is the ASX’s most active name intraday on 24 Feb 2026, trading at A$23.35 on heavy volume that signals short-term repositioning. Valuation metrics—PE 17.56 and PB 1.26—look reasonable relative to the Basic Materials gold peer group, while leverage remains conservative with debt/equity 0.17. Meyka AI’s model projects a 12-month target of A$38.75, an implied 65.97% upside versus the current price, but this is model-based and not a guarantee. Traders should watch intraday support at A$22.97 and resistance near the 50-day average A$25.44. Investors focused on dividends and long-term growth may prefer staged buys on confirmed operational updates or sustained gold price gains. Meyka AI provides this AI-powered market analysis as one input among many; always cross-check company announcements and market conditions before trading.

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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.