Opinion
CBA cuts Newcrest to ‘neutral’ on gold price fall
Sarah Thompson and Anthony MacdonaldCommonwealth Bank of Australia analysts have slashed their ratings on gold stocks in response to the plummeting price of the precious metal.
The bank dropped its price target on Australia’s biggest gold miner Newcrest Mining by 27 per cent to $18.98, cutting its rating on the stock to “neutral" from “overweight".
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