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: 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

$29.62

26 Feb
2026

-0.770

OPEN

$30.59

-2.53%

HIGH

$30.69

7,429,488

LOW

$29.49

TARGET
$31.433 6.1% 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 112.6 154.7 xxx
DPS (cps) xxx 55.0 57.3 xxx
EPS Growth xxx 100.0% 37.4% xxx
DPS Growth xxx 37.5% 4.2% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 48.8% 37.0% xxx

Dividend yield today if purchased 3 years ago: 5.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.82

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

0.5

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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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

13/02/2026

1

Outperform

$32.00

8.04%

Northern Star Resources' 1H26 delivered a dividend of 25c, a 26% beat versus consensus, equating to 33% cash earnings payout, Macquarie notes, which is higher than the 25-30% target. No changes to FY26 guidance following January downgrades.

The final investment decision for Hemi is now expected during FY27 and timeline to first production has been pushed back to FY30 versus Macquarie's prior expectations of FY29.

Northern Star should now be approaching clean air over the short term, Macquarie suggests, and at current multiples appears an attractive entry point. Outperform and $32 target retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 56.50 cents and EPS of 145.00 cents.
Macquarie forecasts a full year FY27 dividend of 63.30 cents and EPS of 194.00 cents.

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$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

17/02/2026

4

Underweight

$17.00

-42.61%

Northern Star Resources delivered a first half result that slightly beat Jarden's estimates. The fully franked $0.25 dividend was in line. No further capital management initiatives were flagged.

The broker points out the company's assets have underperformed the underlying commodity price despite the company emphasising its "healthy EBITDA margins".

Jarden acknowledges the company continues to capitalise a vast amount of expenditure rather than running it through EBITDA. Underweight. Target is reduced to $17.00 from $17.20.

FORECAST
Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 148.40 cents.
Jarden forecasts a full year FY27 dividend of 50.00 cents and EPS of 173.70 cents.
Access Extra Coverage Research History >

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