Northern Star Resources

NST: Gold Price Strength And Stake Sale Will Shape Earnings Outlook

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

12 Nov 24

Updated

18 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

64.0%

7D

5.5%

Loading

1Y

64.0%

7D

5.5%

You can edit this narrative until Nov 19 4:25 AM. Then, changes will post as Updates.

Author's Valuation

AU$27.260.2% undervalued

AnalystConsensusTarget Fair Value

Shared on 18 Nov 25

Fair value Increased 2.83%

NST: Gold Price Momentum And Stake Sale Will Shape Performance Ahead

Narrative Update on Northern Star Resources The analyst price target for Northern Star Resources has been raised from A$18 to A$22, reflecting analysts' expectations of stronger growth prospects, supported by higher gold prices. Analyst Commentary Recent street research highlights a range of perspectives on Northern Star Resources following the increase in its price target.

Shared on 01 Nov 25

Fair value Increased 5.57%

Analysts have raised their price target for Northern Star Resources by A$4 to A$22. This reflects increased confidence in the company’s fair value amid forecasts of stronger gold prices and improved financial performance.

Shared on 18 Oct 25

Fair value Increased 9.96%

Northern Star Resources' analyst price target has risen significantly from A$22.83 to A$25.11. Analysts cite expectations of stronger gold prices and improved operating metrics.

Shared on 04 Oct 25

Fair value Increased 13%

Northern Star Resources’ analyst price target has been raised from A$20.29 to A$22.83. Analysts cited higher projected gold prices and improved profit margins as reasons for revising their expectations upward.

Shared on 19 Sep 25

Fair value Increased 1.67%

Despite disappointing near-term updates, a weaker FY26 outlook, and increased risks at the KCGM project, analysts have modestly raised Northern Star Resources’ fair value, increasing the consensus price target from A$19.96 to A$20.29. Analyst Commentary FY26 outlook was worse than anticipated, prompting a re-evaluation of future earnings potential.

Shared on 04 Sep 25

Fair value Increased 1.01%

Despite a modest increase in the consensus Analyst Price Target to A$19.96, JPMorgan downgraded Northern Star Resources due to higher-than-expected operational and financial risks in the FY26 outlook, particularly regarding the KCGM asset. Analyst Commentary JPMorgan reduced its rating and price target following a disappointing pre-quarterly update and worse-than-expected FY26 guidance from Northern Star Resources.

Shared on 01 Aug 25

Fair value Decreased 3.19%

Northern Star Resources’ consensus price target was reduced to A$19.26 following a disappointing update and weaker FY26 guidance, with increased perceived risks to operational performance and growth, and a revised fair value reflecting these concerns. Analyst Commentary Downgrade follows a disappointing pre-quarterly update and weaker-than-expected FY26 guidance.

Shared on 01 May 25

Fair value Decreased 8.85%

Shared on 23 Apr 25

Fair value Increased 1.77%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 2.95%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 6.58%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 2.35%

AnalystConsensusTarget has increased revenue growth from 12.1% to 13.5%.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.51%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 6.62%

AnalystConsensusTarget has decreased revenue growth from 15.6% to 11.4% and decreased profit margin from 23.6% to 20.6%.

AnalystConsensusTarget Fair Value

AU$27.26

0.2% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

11.35%

Metals and Mining revenue growth rate

9.76%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.72%

Calculation

AU$3.07b

Earnings '28

x

19.38x

PE Ratio '28

=

AU$59.55b

Market Cap '28

AU$59.55b

Market Cap '28

/

1.75b

No. shares '28

=

AU$34.03

Share Price '28

AU$34.03 Share Price '28

Discounted to 2025 @ 7.68% p.a.

=

AU$27.26

Fair Value '25