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

Enter the company code or Name for stock analysis:

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

$20.35

23 May
2025

0.100

OPEN

$19.80

0.49%

HIGH

$20.39

5,794,894

LOW

$19.70

TARGET
$22.886 12.5% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . 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 . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 55.6 106.7 xxx
DPS (cps) xxx 40.0 48.7 xxx
EPS Growth xxx 9.5% 91.9% xxx
DPS Growth xxx 50.9% 21.7% xxx
PE Ratio xxx N/A 19.1 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 71.9% 45.6% xxx

Dividend yield today if purchased 3 years ago: 4.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.97

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

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

30/04/2025

1

Outperform

$26.00

27.76%

Northern Star reported 3Q25 production of 388koz, below Macquarie and consensus forecasts by -6%, with all-in-sustaining-costs (AISC) of $2,246/oz, some 6% higher than expected.

Sales for the quarter were similarly soft, the analyst comments. Weaker outcomes were attributed mainly to delayed access to higher-grade ore at KCGM and elevated maintenance costs at Yandal.

Management lowered FY25 sales guidance by -5% to 1.63–1.66Moz, and AISC guidance was raised by 9% to $2,100–2,200/oz.

Macquarie now forecasts FY26 production of 1.88Moz, below pre-3Q consensus of 1.91Moz. Net cash of $15m was below forecast, impacted by weaker results and no tax payments in the quarter.

Macquarie reduces FY25 EPS forecast by –5% and trims the target price by -4% to $26.00. Outperform rating maintained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 48.20 cents and EPS of 98.60 cents.
Macquarie forecasts a full year FY26 dividend of 44.30 cents and EPS of 126.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

05/05/2025

3

Neutral

$18.30

-10.07%

Plenty of disappointment in Northern Star Resources' 3Q25 result, but the impact on Jarden's EBITDA forecasts was limited because of conservative pre-result forecasts.

The 3Q production missed the broker's estimate by -6%, sales by -7%, and cost was 6% higher. The company cut FY25 production guidance and lifted cost guidance more materially, leading the broker to cut production forecast by -2% and increase cost forecast by 3%.

The analyst believes the company will also likely downgrade its previous FY26 production target of 2moz. EBITDA forecast for FY25 cut by -3% and by -4% for FY26.

Target rises to $18.30 from $18.10. Neutral maintained as the broker balances the target using US$2,200/oz long-term gold price forecast vs implied valuation of $34.50 at spot gold price.

FORECAST
Jarden forecasts a full year FY25 dividend of 55.00 cents and EPS of 113.70 cents.
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 143.90 cents.

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
2
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 09-05-25

May 12 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – May 07, 2025

May 07 2025 - Daily Market Reports
5
De Grey Offsets Northern Star’s Production Doubt

May 05 2025 - Commodities

Latest Gold & Silver News

1
De Grey Offsets Northern Star’s Production Doubt

May 05 2025 - Commodities
2
Evolution Mining Outperforming, Too Much

Apr 17 2025 - Australia
3
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
4
The Risk For Gold Heading Into A Tariff Storm

Mar 26 2025 - Technicals
5
Northern Star Has Broken Out

Mar 18 2025 - Technicals
6
Gold Miners On The Rise

Mar 11 2025 - Technicals
7
Unlocking Vault’s Golden Potential

Nov 14 2024 - Commodities
8
What Went Wrong With Newmont?

Nov 05 2024 - Australia
9
In Brief: Aurum, Hillgrove & Little Green Pharma

Oct 25 2024 - Weekly Reports
10
Perseus Mining Shares Ready To Run

Oct 22 2024 - Technicals