NORTHERN STAR RESOURCES LIMITED (NST)
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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

$24.34

27 Aug
2026

0.240

OPEN

$23.83

1.00%

HIGH

$24.34

7,908,280

LOW

$23.70

TARGET
$25.125 3.2% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 116.5 152.2 xxx
DPS (cps) xxx 0.0 58.0 xxx
EPS Growth xxx 3.4% 30.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.3 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx N/A 38.1% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

21/08/2026

3

Hold

$19.70

-19.06%

Ord Minnett maintains Northern Star Resources on Hold and lowers its target to $19.70 from $20.30 after softer FY27 production and cost guidance.

FY26 earnings were in line and the 30c final dividend exceeded the broker's estimate, but FY27 gold sales guidance was -3% below consensus and costs were 7% higher.

Forecasts were revised for the new guidance. Ord Minnett lines up KCGM ramp-up and leadership uncertainty as the main risks, while acquisitions or stronger delivery could unlock value.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 55.00 cents and EPS of 127.40 cents.
Ord Minnett forecasts a full year FY28 dividend of 46.00 cents and EPS of 116.70 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

3

xxxx

$xx.xx

xx.xx%

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Jarden

04/08/2026

4

Underweight

$19.80

-18.65%

Jarden maintains an Underweight rating for Northern Star Resources with its target price lowered to $19.80 from $20.60 following a mixed June quarter update accompanied by an absence of FY27 operational guidance.

The company stepped away from its previously guided three-year ramp-up profile for the KCGM asset, creating visibility concerns across medium-term growth expectations.

A material revenue miss during the June quarter leads to reduced FY26 forecasts, now projecting full-year revenue of $7.63bn, EBITDA of $4.17bn, and net profit after tax of $1.75bn.

Projected free cash flow generation remained minimal after adding $52m to the balance sheet during the quarter relative to a market capitalisation of $30bn.

Expecting a final dividend of $0.25 per share to bring full-year FY26 dividends to $0.50 per share, the analyst considers current valuation metrics unsupportive following a -1%-5% reduction in near-term EBITDA estimates.
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 21-08-26

Aug 24 2026 - Weekly Reports
5
FNArena Corporate Results Monitor – 20-08-2026

Aug 20 2026 - Australia

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