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The $85 billion ASX 200 gold stock trading at a 35% discount


Published on 2025-02-13 15:21:28 - MSN
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  • The ASX 200 gold stock mines some 6 million ounces of gold every year. The post The $85 billion ASX 200 gold stock trading at a 35% discount appeared first on The Motley Fool Australia.

The article from MSN discusses the significant discount at which Newcrest Mining, a major player in the ASX 200, is currently trading. Despite a 15% drop in its share price over the past year, Newcrest is now valued at around $85 billion, which the article suggests represents a 35% discount to its net tangible assets. This discount is attributed to several factors including operational challenges, lower production forecasts, and higher costs. However, the article highlights that Newcrest's long-term prospects remain strong due to its robust asset base, particularly with the high-quality gold and copper deposits at its Cadia and Telfer mines. The piece also notes that Newcrest has become an acquisition target, with Newmont Corporation making a $17.8 billion bid, which could potentially unlock value for shareholders. The article concludes by suggesting that despite short-term headwinds, Newcrest's strategic assets and the potential for a takeover make it an attractive investment at its current valuation.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/the-85-billion-asx-200-gold-stock-trading-at-a-35-discount/ar-AA1z0k0R ]