Northern Star Resources Stock Analysis (March 2026)

Northern Star Resour...

ASX:NST

$ 18,55

$-0,21 (-1,12%)

18,55 $

$-0,21 (-1,12%)

End-of-day quote: 03/27/2026

Northern Star Resources Stock Value

The current analyst rating for ASX:NST is Outperform.

Outperform

Northern Star Resources Company Info

EPS Growth 5Y

22,95%

Market Cap

$26,52 B

Long-Term Debt

$0,90 B

Quarterly earnings

N/A

Dividend

$0,59

Dividend Yield

3,20%

Founded

2000

Industry

Materials

Country

Australia

Website

Northern Star Resources

ISIN Number

AU000000NST8

Website

http://www.nsrltd.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$28,00

50.94%

Last Update: 03/28/2026

Analysts: 17

Highest Price Target $35,00

Average Price Target $28,00

Lowest Price Target $15,00

In the last five quarters, Northern Star Resources’s Price Target has risen from $9,13 to $15,80 - a 73,06% increase. Fourteen analysts predict that Northern Star Resources’s share price will increase in the coming year, reaching $28,00. This would represent an increase of 50,94%.

Top growth stocks in the materials sector (5Y.)

What does Northern Star Resources do?

Northern Star Resources Limited (Northern Star) engages primarily in the exploration, development, mining, and processing of gold deposits. The company operates in several geographical locations including Western Australia and Alaska. Its principal activities encompass the extraction and sale of refined gold from multiple production centers, notably the Kalgoorlie Production Centre in Western Australia, the Yandal Production Centre in Western Australia, and the Pogo Production Centre in Alaska....

Business Segments

The company has identified seven reportable segments that characterize its operations: Pogo (Alaska, USA), Kalgoorlie Operations (Western Australia), KCGM (Western Australia), Jundee (Western Australia), Thunderbox and Bronzewing (Western Australia), Carosue Dam (Western Australia), and Exploration (focusing on the evaluation of gold mineralization). Each segment focuses on the mining and processing of gold, with specific operational characteristics pertaining to the various geographical locations.

Within the Pogo segment, the mining and processing of gold occur in the United States, with noted revenues generated from production activities. The Kalgoorlie Operations segment encompasses significant underground mining and surface operations, known for its rich gold resources. The KCGM segment includes the operations of the Super Pit and Mt Charlotte underground mines, serving as a key area for the company's production activities.

The Jundee segment operates with a reputable standing, contributing positively to the overall business with efficient extraction capabilities. The Thunderbox and Bronzewing segments work collaboratively, enhancing production and contributing to the company's overall resource management strategy. Furthermore, the Carosue Dam segment operates within a rich mineralization area, ensuring continued production and management of gold resources.

The Exploration segment is crucial for ensuring future growth, with ongoing exploration programs aiming to identify additional gold deposits. This dynamic assessment of geological prospects allows Northern Star to maintain its competitive edge in the mining sector. The combined operation of these segments under a robust corporate structure illustrates the company’s strategic focus on optimizing gold production across various mining operations, consistently assessing performance to enhance revenue streams.

Business Strategy

The company's strategic focus revolves around maximizing efficiency while ensuring sustainable growth through targeted investments in exploration and advanced mining technologies. The company’s commitment to operational excellence is evident in its approach to managing each segment's unique characteristics to achieve optimal production levels. The proactive governance structure ensures that significant capital is allocated toward projects that promise high returns and growth opportunities under rigorous risk management principles.

A prominent element of the business strategy is the emphasis on organic growth, where exploration plays a vital role in identifying new deposits. Through comprehensive geological assessments and exploration programs, the company aims to fortify its asset base while ensuring a sustainable flow of resources to meet future demands. Northern Star's engagement in the mining sector also extends to enhancing its operational efficiencies, whereby evaluation of mining methods and potential technological advancements are continuously pursued to reduce operational costs.

The company actively engages in stakeholder communication, ensuring transparency in its operational methodologies and aligning its initiatives with environmental, social, and corporate governance practices. The integration of ESG principles is not only a compliance requirement but also a fundamental aspect of Northern Star’s value proposition to shareholders, employees, and local communities. By prioritizing responsible mining practices and community engagement, the company seeks to enhance its reputation while navigating the complexities of regulatory frameworks.

Moreover, the company's strategic focus on cost management enables it to respond effectively to fluctuations in market conditions, presenting opportunities for strategic acquisitions and enhancements to existing operations. The disciplined approach taken in merger and acquisition activities ensures that Northern Star capitalizes on opportunities that align with its growth aspirations.

Products and Services

The company specializes in the mining and processing of gold, deriving refined gold from its operational sites across Western Australia and Alaska. The primary products include various forms of gold concentrates, dore bars, and refined gold suitable for market distribution. Through an integrated value chain, the company converts raw gold ore extracted from its production sites into saleable gold products, adhering to industry standards and quality specifications.

The exploration services encompass extensive geological research and prospecting initiatives aimed at discovering new gold deposits. The company utilizes advanced technology and methodologies to assess mineralization potential, ensuring that data collected from sampling and drilling processes meets regulatory reporting standards.

In addition to mining services, Northern Star is also engaged in the processing of ore through established processing plants at various production centers. The Kalgoorlie and Pogo production centers, for instance, are equipped with state-of-the-art facilities capable of handling large throughputs and deploying efficient recovery processes to convert ore into refined gold.

Northern Star also accommodates direct sales transactions with jewelers, traders, and bullion dealers for the distribution of its refined gold offerings. Through established relationships and a reputable position in the market, the company ensures that its products reach a diverse range of customers across different sectors, facilitating reliable supply chains and fostering customer relationships.

Geographical Markets Served

The company operates primarily within two significant geographical markets: Western Australia and Alaska. The company’s operations extend across the Australian landscape, where multiple production centers exist, emphasizing the immense gold resource potential within this region. Alaska represents an essential supplementary market where Northern Star's Pogo Project plays a critical role in diversifying its operational portfolio beyond Australian borders.

The exploration of gold deposits is not limited to these primary regions but encompasses broader prospects in the Northern Territory and new potential areas in the United States. The geographical spread of operations enables Northern Star to navigate market dynamics efficiently while capitalizing on diverse opportunities presented within the mining sector.

Seasonality

While the company primarily relies on geological and operational factors that are not inherently seasonal, fluctuations in production levels may occur due to environmental conditions requiring adherence to safety and regulatory practices. Factors such as weather patterns and local conditions can influence exploration activities and mining operations.

The presence of varying mining schedules aligns with market demand patterns, but the overall business model is designed to manage production throughout the year. This structured approach mitigates the potential impacts of seasonal variations and allows the company to maintain consistent output across its production segments, ensuring the stability of gold supply and reliable revenue streams.

Customers

The company serves a diverse range of customer categories, including jewelers, bullion dealers, and various industrial entities engaged in gold trading and processing. The company has built a robust customer base across the gold supply chain, highlighting its commitment to maintaining strong relationships with partners and clients.

Sales and Marketing

The company employs a comprehensive marketing and distribution strategy that emphasizes direct engagement with customers and industry stakeholders. The company utilizes a combination of direct sales, strategic partnerships, and digital marketing channels to promote its products and services in the gold marketplace.

Through industry conferences and market research, Northern Star gains critical insights into customer needs, enabling the company to tailor its marketing efforts effectively. A dedicated sales team works to cultivate relationships with key customers, highlighting the unique offerings presented by Northern Star and solidifying client partnerships.

History

Northern Star Resources Limited was incorporated in 2000.

Northern Star Resources Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Mining (gold production): 100% (2025) **TOP 3 markets and their percentage shares:** 1. Australia: approx. 60% 2. North America: approx. 25% 3. Asia: approx. 15% Northern Star Resources Limited is primarily engaged in gold mining and generates its revenues ma...

At which locations are the company’s products manufactured?

**Production sites of Northern Star Resources Limited:** 1. **Kalgoorlie, Australia** 2. **Yandal, Australia** 3. **Pogo, Alaska, USA** Northern Star Resources Limited is a leading gold mining company mainly operating in Australia and the USA. The most significant production sites are located in t...

What strategy does Northern Star Resources pursue for future growth?

**Revenue growth:** 8.5% (2024) **Capital expenditures:** 1.2 billion AUD (2024) Northern Star Resources Limited pursues a growth strategy that focuses heavily on increasing production capacities and optimizing existing mines. In 2024, the company made significant investments totaling 1.2 billion A...

Which raw materials are imported and from which countries?

**Main raw material:** Gold **Imported materials:** Machinery and equipment, chemicals for processing **Countries of origin:** - Machinery and equipment: USA, Germany - Chemicals: China, South Africa Northern Star Resources Limited is primarily a gold producer and mainly imports machinery and equ...

How strong is the company’s competitive advantage?

**Market share in the gold sector:** approx. 5% (2024, estimate) **Production cost per ounce of gold:** 1,100 USD (2024, estimate) **Gold production:** 1.6 million ounces (2024, estimate) Northern Star Resources Limited has established itself as one of the leading gold producers in Australia, w...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 60% (estimated, 2025) **Insider Buys/Sells:** No significant transactions in the last quarter (2025) Northern Star Resources Limited has a high proportion of institutional investors, indicating the confidence of major financial institutions in the company's...

What percentage market share does Northern Star Resources have?

**Market share of Northern Star Resources Limited (NST):** 8% (2025, estimated) **Main competitors and their market shares:** 1. **Newmont Corporation:** 15% 2. **Barrick Gold Corporation:** 13% 3. **Agnico Eagle Mines Limited:** 10% 4. **AngloGold Ashanti Limited:** 9% 5. **Northern Star Resource...

Is Northern Star Resources stock currently a good investment?

**Revenue Growth:** 8.5% (2024) **Profit Growth:** 10.2% (2024) **Gold Production:** 1.6 million ounces (2024) Northern Star Resources Limited recorded solid revenue growth of 8.5% in 2024, attributed to increased gold production and efficient operational processes. The profit growth of 10.2% indic...

Does Northern Star Resources pay a dividend – and how reliable is the payout?

**Dividend yield:** 3.5% (2024) **Dividend history:** Continuous distribution over the past 5 years Northern Star Resources Limited has regularly paid dividends to its shareholders in recent years. The dividend yield was recently around 3.5%, which can be considered solid compared to other companie...

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Northern Star Resources Stock Value

Northern Star Resources Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Northern Star Resources do?

Northern Star Resources Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Northern Star Resources Stock Value

Northern Star Resources Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Northern Star Resources do?

Northern Star Resources Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.