NORTHERN STAR RESOURCES LIMITED (NST)
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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

$15.85

15 Nov
2024

0.150

OPEN

$16.00

0.96%

HIGH

$16.05

4,977,407

LOW

$15.81

TARGET
$17.726 11.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 55.6 111.1 xxx
DPS (cps) xxx 40.0 51.0 xxx
EPS Growth xxx 9.5% 99.8% xxx
DPS Growth xxx 50.9% 27.5% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 71.9% 45.9% xxx

Dividend yield today if purchased 3 years ago: 3.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.52

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 © 2024 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

25/10/2024

1

Buy

$18.30

15.46%

Citi leaves its earnings estimates largely unchanged for Northern Star Resources following yesterday's 1Q operational update. The Buy rating and $18.30 target are maintained.

A summary of the broker's initial research on the day of the results follows.

Citi's initial assessment of Northern Star Resources' September quarter update is that sales of 393.9koz are in line with consensus at the group level. 

Pogo performance has beaten the guided 1Q 50koz to sell 59koz. Production was weaker versus sales at 373.9koz with higher sales due to delays from the June quarter.

Headgrades across the group declined QoQ. AISC of $2082/oz is also in line with forecasts. Management has stuck with its prior guidance for FY25.

FORECAST
Citi forecasts a full year FY25 dividend of 77.00 cents and EPS of 108.50 cents.
Citi forecasts a full year FY26 dividend of 60.00 cents and EPS of 137.20 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

31/10/2024

4

Underweight

$13.10

-17.35%

Northern Star Resources' Sep Q production was -5% below Jarden's estimate and down -15% quarter on quarter as it undertook major
shutdowns at all assets. Despite the modestly weak production performance, gold sales were 1% above forecast.

Combined with a slightly weaker gold price realisation, revenue came in -1% below the broker's estimate.

In Jarden's opinion, a key feature of the results was the breadth of cost increases across the asset base, which have been observed throughout 2024 to date. The broker takes some comfort, accordingly, that its operating cost forecasts sit materially higher than consensus.

Target rises to $13.10 from $12.30, Underweight retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 40.00 cents and EPS of 85.10 cents.
Jarden forecasts a full year FY26 dividend of 40.00 cents and EPS of 70.60 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

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