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: 0.49
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

$21.00

30 Apr
2026

-0.590

OPEN

$20.92

-2.73%

HIGH

$21.06

11,643,148

LOW

$20.80

TARGET
$27.792 32.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . ASL . AUC . AUE . AWJ . BC8 . BEZ . BGL . BNZ . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DPM . EMR . EVN . EVR . FFM . FFM . FXG . GG8 . GGP . GHM . GMD . GPR . HGO . IGO . KCN . KGL . MAT . MAU . MEI . MEK . MM8 . MML . NEM . NMG . NVA . OBM . ORE . PDI . PNR . POL . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SS1 . STM . STN . SVL . TBR . TCG . TOR . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
NST: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 112.6 130.4 xxx
DPS (cps) xxx 55.0 54.4 xxx
EPS Growth xxx 100.0% 15.7% xxx
DPS Growth xxx 37.5% - 1.1% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 2.6% xxx
Div Pay Ratio(%) xxx 48.8% 41.7% xxx

Dividend yield today if purchased 3 years ago: 4.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.60

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

0.8

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

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%

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

Citi

23/04/2026

1

Buy

$29.70

41.43%

Citi describes Northern Star Resources' March quarter operational result as mixed, with costs (AISC) around -11% below consensus and solid free cash flow partly offset by ongoing execution risks.

The broker remains cautious on the KCGM mill expansion, citing productivity issues, cost inflation and delays, with first production now expected in September 2027.

Concerns also persist at Jundee, where declining grades and reduced capital investment are expected to weigh on output.

Citi also flags continued uncertainty around project timing and approvals, particularly for Hemi.

Target $29.70. Buy.

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

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

4

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

22/04/2026

1

Buy

$31.45

49.76%

Canaccord Genuity maintains a Buy rating and a $31.45 price target for Northern Star Resources following a stronger-than-expected March quarter operating result.

Group free cash flow of $301m comfortably beat expectations as the company capitalised on higher throughput grades at the KCGM, Thunderbox, and Pogo divisions, offsetting softer volumes at Carosue Dam.

Despite this robust near-term cash generation, management flagged significant capital expenditure escalations at the KCGM Mill Expansion, citing poor construction productivity alongside broader industry cost inflation.

A more conservative ramp-up profile for the expansion project was incorporated and long-term unit cost assumptions were lifted to reflect stubborn operating pressures across the wider asset base.

These compounding headwinds drove material downgrades to outer-year earnings and free cash flow estimates, prompting the broker to trim the valuation while leaving the overarching investment thesis intact.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 47.00 cents and EPS of 123.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 50.00 cents and EPS of 211.00 cents.
Access Extra Coverage Research History >

NST STOCK CHART

FNArena News on NST

Latest Gold & Silver News

1
Gold: Bullish, But Breather Likely

Mar 09 2022 - Technicals
2
Australian Gold Stocks Undervalued

Dec 09 2021 - Feature Stories
3
Silver Investors Should Be So Lucky

Nov 23 2021 - Weekly Reports
4
Gold Outlook Improves: Are Stocks Cheap?

Sep 13 2021 - Commodities
5
Gold Risky At Present

Jul 21 2021 - Technicals
6
St Barbara’s Outlook Loses Its Lustre

May 19 2021 - Australia
7
Gold Stocks Ready To Shine Again

Dec 03 2020 - Australia
8
Catalysts Aplenty Ahead For Evolution Mining

Oct 28 2020 - Australia
9
Gold: Longer Term Upside

Oct 21 2020 - Technicals
10
Looking Elsewhere For Golden Value

Oct 15 2020 - Weekly Reports