Tag: ASX:NST

Northern Star Resources is under Algo Engine buy conditions.

Northern Star Resources is under Algo Engine buy conditions.

Super Pit joint owners Northern Star and Saracen Mineral Holdings have now completed the merger. We see upside for the stock price from these levels and NST is now added to our “high conviction” list.

Northern Star Resources is under Algo Engine buy conditions and should be well supported by the cost-out story following the merger with Saracen.

NST announced 1HFY21 earnings with NPAT ahead of analysts forecasts.

$0.095 interim dividend.

Super Pit joint owners Northern Star and Saracen Mineral Holdings are set to combine, having agreed to a merger-of-equals worth $16 billion.

The proposed merger will create a new top 10 global gold major with a world-class portfolio and three large-scale production centres in Kalgoorlie and Yandal in Western Australia, as well as in North America.

Northern Star Resources Algo buy signal

{ASX:SAR) Algo buy signal

Super Pit joint owners Northern Star and Saracen Mineral Holdings are set to combine, having agreed to a merger-of-equals worth $16 billion.

The proposed merger will create a new top 10 global gold major with a world-class portfolio and three large-scale production centres in Kalgoorlie and Yandal in Western Australia, as well as in North America.

Northern Star Resources Algo buy signal

{ASX:SAR) Algo buy signal

Super Pit joint owners Northern Star and Saracen Mineral Holdings are set to combine, having agreed to a merger-of-equals worth $16 billion.

The proposed merger will create a new top 10 global gold major with a world-class portfolio and three large-scale production centres in Kalgoorlie and Yandal in Western Australia, as well as in North America.

Northern Star Resources Algo buy signal

{ASX:SAR) Algo buy signal

Northern Star Resources is under Algo Engine buy conditions and looks to be finding buying support at $13.50.

Northern Star Resources provided 4QFY20 trading update with production at 267 k/oz and sales 263 k/oz. Kalgoorlie and Jundee offset weaker results at Super Pit.

NST will resume dividend payments and the balance sheet improves following the paydown of $200m of debt.

FY21 dividend yield increases to 2% with forecast EBIT of $1.2bn

We have a price target on NST of $15.50

Northern Star Resources is under Algo Engine buy conditions and a current holding in our ASX 100 model portfolio.

We recommend investors buy NST. 

Northern Star Resources March quarter production was weaker than market expectations.  COVID-19 had an impact with reduced staffing slowing development and impacting mine schedules.

NST is confident the initial disruption to operations has passed and is expecting a stronger June.

We look to buy NST below $12.50