Commodity prices diverged in the quarter. Despite solid China steel production, iron ore and metallurgical coal prices are down, while copper rose on supply issues and hopes of faster global growth. However, prices are elevated compared with history and cost-curve support.
The likely expansion in gold sales over our forecast period should keep Northern Star within the bottom half of the industry cost curve.
Future production is highly dependent on its Kalgoorlie production center, which represents around three fourths of reserves at the end of fiscal 2023.
|
Metric
|
NST
|
GOLD
|
AEM
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.14 | 19.66 | 28.26 |
Price/Book Value | 1.99 | 1.24 | 1.65 |
Price/Sales | 3.87 | 2.54 | 4.71 |
Price/Cash Flow | 9.95 | 6.93 | 11.35 |
|
Metric
|
NST
|
GOLD
|
AEM
|
|---|---|---|---|
Quick Ratio | 1.85 | 2.26 | 0.51 |
Current Ratio | 2.87 | 3.16 | 2.09 |
Interest Coverage | 11.43 | 8.98 | 26.73 |
|
Metric
|
NST
|
GOLD
|
AEM
|
|---|---|---|---|
Return on Assets (Normalized) | 3.83% | 3.21% | 3.90% |
Return on Equity (Normalized) | 5.48% | 6.40% | 5.81% |
Return on Invested Capital (Normalized) | 5.21% | 4.64% | 5.50% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
ZIJMF
| Zijin Mining Group Co Ltd Class H | — | Vdmfr | $65.5 Bil | |
ZIJMY
| Zijin Mining Group Co Ltd ADR | — | Hsttws | $62.3 Bil | |
NEMCL
| Newmont Corp Chess Depository Interest | — | Wgqs | $44.5 Bil | |
NEM
| Newmont Corp | Ndmwjnmj | Xykdd | $43.2 Bil | |
AEM
| Agnico Eagle Mines Ltd | Bykymzwt | Qslfs | $31.8 Bil | |
GOLD
| Barrick Gold Corp | Llhlbzgf | Qzpq | $29.1 Bil | |
WPM
| Wheaton Precious Metals Corp | Zvlkzbb | Vsjj | $23.7 Bil | |
FNV
| Franco-Nevada Corp | — | Pwdqyk | $22.9 Bil | |
GFI
| Gold Fields Ltd ADR | Zghqvssm | Dhjgdp | $15.1 Bil | |
KGC
| Kinross Gold Corp | Mnlc | Xnlvx | $8.1 Bil |
