Newcrest's Investor Day Highlights Sound Financial And Operational Footing

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

<p>Adjusted first-half fiscal 2016 net profit after tax of USD 63 million was a 65% decline on a year ago but in line with our forecast.</p><p>Newcrest shares are undervalued. The company's competitive position is likely to improve with expansion of Cadia and Lihir and the lower AUD, driving cash costs back into the lowest half of the cost curve.</p>

Adjusted first-half fiscal 2016 net profit after tax of USD 63 million was a 65% decline on a year ago but in line with our forecast.Newcrest shares are undervalued. The company's competitive position is likely to improve with expansion of Cadia and Lihir and the lower AUD, driving cash costs back into the lowest half of the cost curve.

Newcrest Result Declines With Prices but Meets Our Expectations, Fair Value Maintained

Newcrest Mining

Newcrest Result Declines With Prices but Meets Our Expectations, Fair Value Maintained