UBS Warburg puts 'buy' on Newcrest

UBS Warburg has raised its recommendation for Newcrest Mining following recent price weakness, a stronger Australian dollar and meetings with management that have improved the brokerage's confidence in the operating performance of the key Cadia Hill and Ridgeway mines.

UBS Warburg puts 'buy' on Newcrest UBS Warburg puts 'buy' on Newcrest UBS Warburg puts 'buy' on Newcrest UBS Warburg puts 'buy' on Newcrest UBS Warburg puts 'buy' on Newcrest

Newcrest's shares closed last week at $5.69, resulting in a "Buy 2" recommendation replacing the previous "Neutral 2".

UBS's Shaun Giacomo said that at $5.

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