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: 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

$23.91

01 Oct
2025

0.180

OPEN

$23.76

0.76%

HIGH

$24.07

7,672,887

LOW

$23.56

TARGET
$22.208 -7.1% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . ASL . AUC . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . GBZ . GGP . GMD . GOR . GPR . HGO . HRZ . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NEM . NVA . OBM . ORE . PDI . PNR . PRU . RMS . RRL . RSG . RXL . RXR . SBM . SMI . STM . STN . SVL . TBR . TCG . 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 112.6 126.4 xxx
DPS (cps) xxx 55.0 44.2 xxx
EPS Growth xxx 100.0% 12.2% xxx
DPS Growth xxx 37.5% - 19.6% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 48.8% 35.0% xxx

Dividend yield today if purchased 3 years ago: 7.17%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.22

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 © 2025 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

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

Morgans

04/09/2025

1

Buy

$24.00

0.38%

Morgans reassesses its gold coverage on the back of the ongoing rise in the gold price, lifting its long-term gold price assumption to US$2,500/oz from US$2,200/oz.

Northern Star Resources is preferred over Newmont Corp ((NEM)) with the stock up 29% relative to the 44% rise in Newmont on a 12-month basis. A Buy rating and $24 target.

While FY26 guidance disappointed, the updated guidance sets a new base and is viewed by the analyst as more realistic. Northern Star remains the premier Australian gold producer with capital upside from a growth outlook of around 2moz-plus by FY29.

Commentary suggests the De Grey acquisition, which brings forth Hemi's Gold project, underpins longer-term growth beyond the current profile.

FORECAST
Morgans forecasts a full year FY26 dividend of 42.00 cents and EPS of 104.00 cents.
Morgans forecasts a full year FY27 dividend of 43.00 cents and EPS of 86.70 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$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

xx xxxxxx

xx.xx%

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

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

Canaccord Genuity

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

Jarden

27/08/2025

3

Neutral

$15.40

-35.59%

Jarden describes Northern Star Resources' FY25 result as "reasonably clean" despite missing forecasts on EBITDA, net profit and its estimate of underlying EBITDA.

While the company reported net cash of $1.01bn, the broker trimmed it down to $652m after adjusting for $360m secured asset financing. The impact on valuation is -25c.

Medium-term guidance on Thunderbox was lowered, with sustained production target now 250kozpa from 300kozpa on lower grade.

Minimal revisions to the broker's forecasts but target rises to $15.40 from $15.10. Neutral maintained.

The broker highlights the share price is implying a long-term gold price of US$2,470/oz, well below US$2,950 for key peer Evolution Mining ((EVN)).

FORECAST
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 107.70 cents.
Jarden forecasts a full year FY27 dividend of 60.00 cents and EPS of 95.90 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