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: 0.49
Index: ASX20 | 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

$19.66

21 Jul
2026

0.620

OPEN

$19.14

3.26%

HIGH

$19.66

3,743,146

LOW

$18.79

TARGET
$27.075 37.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . AKA . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGL . BM1 . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . EVR . FFM . FFM . FG1 . FXG . GG8 . GGP . GHM . GMD . GPR . HGO . IGO . KCN . KGL . MAT . MEI . MEK . MM8 . MML . MPK . MRT . NEM . NMG . NVA . OBM . ORE . PC2 . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SS1 . STM . STN . SVL . SX2 . TBR . TCG . TOR . TRE . TSO . TTM . USL . VAU . WAF . WGX . WIA . WMX . YRL .
FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 112.6 127.9 xxx
DPS (cps) xxx 55.0 53.7 xxx
EPS Growth xxx 100.0% 13.5% xxx
DPS Growth xxx 37.5% - 2.3% xxx
PE Ratio xxx N/A 15.9 xxx
Dividend Yield xxx N/A 2.6% xxx
Div Pay Ratio(%) xxx 48.8% 42.0% xxx

Dividend yield today if purchased 3 years ago: 4.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.70

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: 04/03 - ex-div 25.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx112.6
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx6,414.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,045.4
Net Operating Cash Flow xxxxxxxxxxxxxxx2,953.5 M
Net Profit Margin xxxxxxxxxxxxxxx20.88 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.30 %
Return on Invested Capital xxxxxxxxxxxxxxx10.16 %
Return on Assets xxxxxxxxxxxxxxx7.77 %
Return on Equity xxxxxxxxxxxxxxx11.30 %
Return on Total Capital xxxxxxxxxxxxxxx15.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx363.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx248 M
Long Term Debt xxxxxxxxxxxxxxx1,462 M
Total Debt xxxxxxxxxxxxxxx1,710 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,690 M
Price To Book Value xxxxxxxxxxxxxxx1.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2,285.3 M
Capex % of Sales xxxxxxxxxxxxxxx35.62 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,181 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx143 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx20 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

0.8

No. Of Recommendations

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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

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

30/06/2026

1

Buy

$26.00

32.25%

Against a backdrop of rising US bond yields, a stronger US dollar and profit taking, Morgans points out the gold price has fallen around -26% from its high in January.

After one of the "steepest" rallies in recent history, the current drawdown is noted by the analyst as largely in line with previous gold bull markets.

The broker continues to remain positive on gold and gold miners and considers the retracement in share prices as an opportunity. Morgans' near-term gold price forecast has been lowered to reflect the current spot price around US$4,000/oz.

Northern Star Resources is the third most preferred large cap gold producer after Evolution and Newmont. Target price is $26 down from $30 with an ongoing Buy rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 49.00 cents and EPS of 133.20 cents.
Morgans forecasts a full year FY27 dividend of 69.00 cents and EPS of 220.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$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

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 Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

05/06/2026

4

Underweight

$21.60

9.87%

Jarden maintains an Underweight rating for Northern Star Resources, with its target price decreased to $21.60 following an annual mineral resources and ore reserves statement.

Group resources expanded to 88.9moz and reserves climbed to 28.4moz, primarily driven by the initial inclusion of the Hemi deposit.

Higher localised cost structures impair the peripheries of underlying orebodies, leading to a counter-intuitive lift in underground cut-off grades at KCGM despite more aggressive gold price assumptions, the broker explains.

The report highlights operational risks remain elevated ahead of the critical KCGM processing expansion cutover, while a newly launched activist campaign lacks concrete proposals for near-term optimisation.

Baseline earnings per share revisions fall -3% for FY27 and -2% for FY28 to reflect minor modifications to modelling physicals.

FORECAST
Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 126.30 cents.
Jarden forecasts a full year FY27 dividend of 50.00 cents and EPS of 141.30 cents.
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
Australian Broker Call *Extra* Edition – Jul 06, 2026

Jul 06 2026 - Daily Market Reports
2
Rudi’s View: Best Buys & Conviction Calls In July

Jul 02 2026 - Rudi's View
3
Rudi’s View: The August Results Test Awaits

Jul 01 2026 - Rudi's View
4
Next Week At A Glance – 15-19 Jun 2026

Jun 12 2026 - Weekly Reports
5
Next Week At A Glance – 8-12 Jun 2026

Jun 05 2026 - Weekly Reports

Latest Gold & Silver News

1
Investor Sentiment Yet To Turn For Pantoro Gold

Jul 16 2026 - Commodities
2
Capricorn Metals’ Wait Is (Almost) Over

Jul 07 2026 - Commodities
3
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals
4
The Greatland Resources Valuation Debate

Apr 30 2026 - Commodities
5
March Quarter Gold Medal For Newmont

Apr 28 2026 - Commodities
6
Treasure Chest: Greatland Resources

Apr 01 2026 - Treasure Chest
7
Gold’s Outlook No Longer Straightforward

Mar 19 2026 - Commodities
8
When Might Northern Star’s Woes End?

Mar 18 2026 - Commodities
9
Why Gold Beats Bitcoin & ASX Opportunities

Feb 04 2026 - Commodities
10
What In The Wild West Is Going On In Silver?

Jan 16 2026 - Commodities