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Newcrest Mining Ltd. (OTCMKT:NCMGY) Seasonal Chart

NCMGY Relative to the S&P 500
NCMGY Relative to the S&P 500

NCMGY Relative to the Sector
NCMGY Relative to the Sector

Monthly Seasonal Newcrest Mining Ltd. (OTCMKT:NCMGY)

Seasonal Chart Analysis

Analysis of the Newcrest Mining Ltd. (OTCMKT:NCMGY) seasonal charts above shows that a Buy Date of June 9 and a Sell Date of August 28 has resulted in a geometric average return of 3.23% above the benchmark rate of the S&P 500 Total Return Index over the past 12 years. This seasonal timeframe has shown positive results compared to the benchmark in 9 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 12 years by an average of 17.21% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are predominantly in Australia and Papua New Guinea, with a smaller mine in Indonesia. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Newcrest is one of the larger global gold producers but accounts for less than 3% of total supply. Gold mining is relatively fragmented.

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