Morningstar

Northern Star Resources Ltd NST

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Stock XASX Rating as of
A$26.13 −0.60 (2.24%)
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Lowering Northern Star's Fair Value as the Gold Price Weakens

Jon Mills

Northern Star is a midtier global gold miner with mines in Western Australia and Alaska. Its portfolio is a result of significant corporate activity, including 14 acquisitions and four asset sales since 2010. Notable transactions include the purchase of Pogo in Alaska in 2018 and half of the Kalgoorlie Super Pit mine, or Super Pit, in Western Australia, from Newmont in 2020. Northern Star subsequently merged with Saracen in 2021, adding the other half of the Super Pit, as well as the Carosue Dam and Thunderbox assets in Western Australia.

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Price vs Fair Value

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NST is trading at a LOCK|%^d@dR premium.
Price
A$26.13
Fair Value
LOCK|.LV
Uncertainty
LOCK|^%
1-Star Price
LOCK|.^#
5-Star Price
LOCK|.fR
Economic Moat
LOCK|c$c
Capital Allocation
LOCK|S?QT#j

Bulls Say, Bears Say

Bulls

The likely expansion in gold sales over our forecast period should keep Northern Star within the bottom half of the industry cost curve.

Bears

Future production is highly dependent on its Kalgoorlie production center, which represents around three-quarters of reserves at the end of fiscal 2025.

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Trading Information

Previous Close Price
A$26.73
Day Range
A$25.92–26.38
52-Week Range
A$17.07–31.96
Bid/Ask
A$25.96 / A$26.20
Shares Outstanding
1.43B
Market Cap
A$37.25B
Volume/Avg
3M / 6M

Key Statistics

Price/Earnings (Normalized)
20.70
Price/Sales
4.93
Dividend Yield (Trailing)
2.10%
Dividend Yield (Forward)
2.10%
Dividend Payment Schedule
Mar, Oct
Total Yield
2.45%

Company Profile

Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Large Growth
Total Number of Employees
3,383
Website
https://www.nsrltd.com

Competitors

Valuation

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Metric
NST
B
KGC
Price/Earnings (Normalized)
20.7010.6812.87
Price/Book Value
2.372.312.54
Price/Sales
4.933.023.05
Price/Cash Flow
11.816.365.50
Price/Earnings
NST
B
KGC

Financial Strength

Metric
NST
B
KGC
Quick Ratio
0.861.881.83
Current Ratio
1.552.732.87
Interest Coverage
17.9742.81100.36
Quick Ratio
NST
B
KGC

Profitability

Metric
NST
B
KGC
Return on Assets (Normalized)
13.96%11.86%15.40%
Return on Equity (Normalized)
19.07%22.82%22.11%
Return on Invested Capital (Normalized)
17.49%15.41%19.74%
Return on Assets
NST
B
KGC

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1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Newmont Corp Chess Depository Interest
NEMCL
—LOCK|^>$123B
Newmont Corp
NEM
LOCK|<>X@&P^LOCK|M#$123B
Zijin Mining Group Co Ltd ADR
ZIJMY
—LOCK|slK@W$108B
Zijin Mining Group Co Ltd Class H
ZIJMF
—LOCK|m>C@$108B
Agnico Eagle Mines Ltd
AEM
LOCK|#BLY!FxLOCK|QKT$94B
Barrick Mining Corp
B
LOCK|&PvhZ?LOCK|^<j$64B
Wheaton Precious Metals Corp
WPM
LOCK|PtMDd^<LOCK|YNV$62B
Franco-Nevada Corp
FNV
—LOCK|d<M$48B
Zijin Gold International Co Ltd
ZJNGF
—LOCK|DS!^$48B
Kinross Gold Corp
KGC
LOCK|T>#%W^mLOCK|?!$25B

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