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: 0.49
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

$18.96

19 Mar
2026

-1.990

OPEN

$19.80

-9.50%

HIGH

$19.84

10,802,402

LOW

$18.95

TARGET
$28.20

-1.00 change from previous day

 48.7% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 112.6 133.4 xxx
DPS (cps) xxx 55.0 52.4 xxx
EPS Growth xxx 100.0% 18.5% xxx
DPS Growth xxx 37.5% - 4.7% xxx
PE Ratio xxx N/A 13.9 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 48.8% 39.3% xxx

Dividend yield today if purchased 3 years ago: 4.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.97

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: 02/09 - ex-div 30.00c (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

0.6

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

16/03/2026

1

Buy

$27.50

45.04%

Northern Star Resources has downgraded production guidance to above 1.5moz after earlier January downward revisions, with around -100koz removed mainly from KCGM and Jundee, Citi explains.

The broker's Jundee output expectations fall to around 165koz annually as higher costs and a focus on higher grades reduce production assumptions.

The analyst expects KCGM processing issues in the back end of the circuit to persist until replacement infrastructure arrives in FY27.

Buy rating maintained. Target reduced to $27.50 from $33.40.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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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%

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Jarden

18/03/2026

4

Underweight

$16.60

-12.45%

Jarden believes it is too early to become more constructive on Northern Star Resources, struggling to identify a positive catalyst. The sharp decline in FY26 guidance only increases concerns about the divergence between guidance and operating performance.

Commentary suggests the imminent disclosure of March quarter production, which is now impaired, and the resource and reserve update, will squarely focus attention on why the company has consistently failed to achieve reserve grade at the assets.

The broker retains an Underweight rating and considers it too early to re-engage with stock until FY27 guidance has been cleared and the KCGM expansion delivered.

EBITDA estimates are reduced by -11% for FY26 and -7% for FY27. Target is reduced to $16.60 from $17.00.

FORECAST
Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 123.90 cents.
Jarden forecasts a full year FY27 dividend of 50.00 cents and EPS of 155.40 cents.
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
Australian Broker Call *Extra* Edition – Mar 19, 2026

Mar 19 2026 - Daily Market Reports
2
When Might Northern Star’s Woes End?

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