NORTHERN STAR RESOURCES LIMITED (NST)
Share Price Analysis and Chart

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NST

NST - NORTHERN STAR RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.61
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Northern Star is an Australian gold producer with assets in Australia and North America. Founded in 2000, the company became a listed entity in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$21.65

14 Apr
2025

0.250

OPEN

$21.40

1.17%

HIGH

$21.66

7,077,326

LOW

$21.27

TARGET
$20.537 -5.1% downside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 55.6 110.0 xxx
DPS (cps) xxx 40.0 51.9 xxx
EPS Growth xxx 9.5% 97.9% xxx
DPS Growth xxx 50.9% 29.8% xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 71.9% 47.2% xxx

Dividend yield today if purchased 3 years ago: 3.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.87

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx55.6
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx4,921.2 M
Book Value Per Share xxxxxxxxxxxxxxx765.6
Net Operating Cash Flow xxxxxxxxxxxxxxx2,070.4 M
Net Profit Margin xxxxxxxxxxxxxxx12.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.39 %
Return on Invested Capital xxxxxxxxxxxxxxx6.50 %
Return on Assets xxxxxxxxxxxxxxx4.88 %
Return on Equity xxxxxxxxxxxxxxx7.39 %
Return on Total Capital xxxxxxxxxxxxxxx10.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx433.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx152 M
Long Term Debt xxxxxxxxxxxxxxx1,192 M
Total Debt xxxxxxxxxxxxxxx1,344 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,120 M
Price To Book Value xxxxxxxxxxxxxxx1.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,440.0 M
Capex % of Sales xxxxxxxxxxxxxxx29.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,760 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx131 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx183 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

19/02/2025

1

Buy

$22.35

3.23%

UBS has revised its gold price forecasts higher, increasing the year-end target by US$200 to US$3,100/oz and long-term by US$250 to US$2,200/oz, keeping the broker well above consensus.

The updated view comes as expectations for US rate cuts are pushed out and is driven by continued: 1) official sector buying, 2) safe haven buying, 3) lack of positioning and 4) ongoing liquidity issues.

Northern Star Resources' target rises to $22.35 from $19.05, Buy retained.

FORECAST
UBS forecasts a full year FY25 EPS of 123.00 cents.
UBS forecasts a full year FY26 EPS of 185.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

10/04/2025

3

Neutral

$18.10

-16.40%

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500/US$2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings (EBITDA) margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker's preferred large cap exposure is Northern Star Resources over Evolution Mining ((EVN)).

Neutral. Target price lifts to $18.10 from $15.40.

FORECAST
Jarden forecasts a full year FY25 dividend of 55.00 cents and EPS of 119.00 cents.
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 156.00 cents.

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 11-04-25

Apr 14 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Apr 10, 2025

Apr 10 2025 - Daily Market Reports
4
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
5
Weekly Ratings, Targets, Forecast Changes – 04-04-25

Apr 07 2025 - Weekly Reports

Latest Gold & Silver News

1
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
2
The Risk For Gold Heading Into A Tariff Storm

Mar 26 2025 - Technicals
3
Northern Star Has Broken Out

Mar 18 2025 - Technicals
4
Gold Miners On The Rise

Mar 11 2025 - Technicals
5
Unlocking Vault’s Golden Potential

Nov 14 2024 - Commodities
6
What Went Wrong With Newmont?

Nov 05 2024 - Australia
7
In Brief: Aurum, Hillgrove & Little Green Pharma

Oct 25 2024 - Weekly Reports
8
Perseus Mining Shares Ready To Run

Oct 22 2024 - Technicals
9
Gold & Dividends Shine For Northern Star

Sep 12 2024 - Australia
10
Cup And Handle For Capricorn Metals

Aug 06 2024 - Technicals