Analysts at UBS indicate a low risk of deal completion for the takeover of Australian gold miner, Newcrest Mining (ASX:NCM), by Newmont Corp.

They forecast good catalysts for both companies following the deal’s closure in 2023.

Despite a moderating short-term outlook for gold, UBS continues to recognise NCM as a valuable component of gold on the ASX while maintaining a price target of A$26.20.

Newcrest (ASX:NCM) shares increased by 0.9%, following a 15.7% rise this year, as of the most recent closing.

Newcrest Mining is a leading Australian gold miner.