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: 0.4
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

$25.28

29 Oct
2026

-0.140

OPEN

$25.49

-0.55%

HIGH

$25.71

4,667,274

LOW

$25.16

TARGET
$28.75 13.7% 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 . BGD . BGL . BM1 . BNZ . BTR . CEL . CMM . CNB . CVV . CYL . DPM . EMR . EVN . FFM . FFM . FG1 . FXG . GG8 . GGP . GHM . GMD . GPR . HRN . 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 . SGC . 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 FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 116.5 138.6 xxx
DPS (cps) xxx 55.0 53.8 xxx
EPS Growth xxx 3.4% 18.9% xxx
DPS Growth xxx 0.0% - 2.3% xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 47.2% 38.8% xxx

Dividend yield today if purchased 3 years ago: 4.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.18

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: 09/09 - ex-div 30.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx116.5
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx7,623.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,101.7
Net Operating Cash Flow xxxxxxxxxxxxxxx3,183.3 M
Net Profit Margin xxxxxxxxxxxxxxx21.83 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.88 %
Return on Invested Capital xxxxxxxxxxxxxxx9.94 %
Return on Assets xxxxxxxxxxxxxxx7.74 %
Return on Equity xxxxxxxxxxxxxxx10.88 %
Return on Total Capital xxxxxxxxxxxxxxx15.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-73.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx314 M
Long Term Debt xxxxxxxxxxxxxxx1,411 M
Total Debt xxxxxxxxxxxxxxx1,725 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,018 M
Price To Book Value xxxxxxxxxxxxxxx1.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx2,712.7 M
Capex % of Sales xxxxxxxxxxxxxxx35.59 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,800 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx190 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx33 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

0.4

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

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

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

Morgans

22/10/2026

3

Hold

$25.00

-1.11%

Northern Star Resources has made a firm start to FY27 selling 364,000 ozs of gold and beating estimates. Costs were also lower than anticipated. Morgans notes the KCGM ramp-up remains the key point to watch from an operating perspective.

The focus is also on a potential increase in the Gold Fields offer. The broker finds the medium and longer term investment case compelling, with significant production and cash flow underpinned by the KCGM expansion and Hemi development.

In the short term the outlook is less clear as unresolved activist pressure from Elliott Investment Management raises the prospect of a strategic review, sale process or divestment. Hold rating and $25 target maintained.

FORECAST
Morgans forecasts a full year FY27 dividend of 49.00 cents and EPS of 139.00 cents.
Morgans forecasts a full year FY28 dividend of 88.00 cents and EPS of 289.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

Jarden

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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

Canaccord Genuity

25/08/2026

3

Hold

$23.40

-7.44%

Canaccord Genuity moves its recommendation for Northern Star Resources to Hold from Buy with its target price decreased to $23.40 from $23.65 following the release of FY26 results and FY27 guidance.

Underlying EBITDA of $4,271m and underlying net profit after tax of $1,790m were in line with consensus estimates and increased 22% and 26% year-on-year, respectively.

The company declared a final fully franked dividend of 30c per share, representing a total payout of $427m.

FY27 sales guidance is guided to 1,500koz to 1,650koz, while all-in sustaining costs are expected to be higher at $3,050 to $3,450 per ounce due to global portfolio inflation, higher royalties, stockpile drawdown, and increased sustaining capital.

The analyst notes that sales will be second-half weighted owing to planned major maintenance shutdowns and the commissioning and ramp-up of the expanded 27Mtpa KCGM plant.
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
Next Week At A Glance – 2-6 Nov 2026

Oct 30 2026 - Weekly Reports
2
Next Week At A Glance – 26-30 Oct 2026

Oct 23 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 23-10-26

Oct 23 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 23, 2026

Oct 23 2026 - Daily Market Reports
5
Next Week At A Glance – 19 – 23 Oct 2026

Oct 16 2026 - Weekly Reports

Latest Gold & Silver News

1
Treasure Chest: Gold’s Temporary Limbo

Oct 19 2026 - Treasure Chest
2
AIC Mines’ Second Copper Hub Excites

Oct 06 2026 - Commodities
3
In Brief: Black Cat, Amplitude & Singular Health

Oct 02 2026 - Weekly Reports
4
Is Gold Setting Up For A Nice Bounce?

Oct 01 2026 - Commodities
5
Gold Fields & Northern Star; Is It On, Is It Off?

Sep 29 2026 - Australia
6
Northern Star Poised For Technical Break Out

Aug 04 2026 - Technicals
7
Strong Execution Underpins Newmont Confidence

Jul 28 2026 - Commodities
8
Investor Sentiment Yet To Turn For Pantoro Gold

Jul 16 2026 - Commodities
9
Capricorn Metals’ Wait Is (Almost) Over

Jul 07 2026 - Commodities
10
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals