Ord Minnett is positive on the outlook for gold and has increased its near-term gold price forecast to US$2,000/oz. Its long-term gold price forecast remains US$1,600/oz.

Newcrest Mining ((NCM)) is preferred over Northern Star Resources ((NST)) and Evolution Mining ((EVN)).

Ord Minnett maintains its Lighten recommendation with the target price increasing to $12.20 from $11.60.

Sector: Materials.

Target price is $12.20.Current Price is $16.51. Difference: ($4.31) - (brackets indicate current price is over target). If NST meets the Ord Minnett target it will return approximately -35% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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