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    NST   AU000000NST8

NORTHERN STAR RESOURCES LIMITED

(NST)
  Report
Delayed Australian Stock Exchange  -  06:58 2022-12-04 pm EST
11.03 AUD   -0.45%
12/01Australian shares fall as bleak U.S. data dims risk appetite
RE
11/30Australian shares jump after Powell signals slowdown in rate hikes
RE
11/29Australian shares fall; focus on Powell's speech, China data
RE
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Australia shares mark best day in three months on resources boost

09/29/2022 | 02:42am EST

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Commodities drive bourse higher

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ASX 200 marks best day in three months

Sept 29 (Reuters) - Australian shares jumped on Thursday, marking their best day in three months, driven higher by the commodities companies, while also tracking a rebound in global equity markets as the Bank of England took measures to stem a rout in its bond markets.

The S&P/ASX 200 index rose as much as 2% earlier in the day, before easing to finish the session 1.4% higher.

The British central bank launched an emergency bond-buying programme to calm the fixed income markets, after a government initiative to cut taxes triggered a massive sell-off in equities globally and a rally in the greenback.

However, investors continue to fret about the possibility of a global economic recession as central banks worldwide continue raising interest rates to control runaway inflation.

"So, things seem tentatively calm at the moment (after the BoE's actions), but that doesn't take away from the fact that recession calls are indeed getting louder," said Jessica Amir, a market strategist at Saxo Capital Markets.

Back in Australia, the commodity indexes led gains, with miners climbing the most, at 2.3%, tracking higher iron ore prices in top steel producer, China.

Sector bellwethers Rio Tinto, BHP Group and Fortescue Metals Group gained between 1% and 3%.

Gold stocks also shone bright on the benchmark, rising about 3.5%, with index majors Newcrest Mining and Northern Star Resources advancing 3% and 4.3%, respectively.

"I think the market is still not sure which commodities to lean on now. There are some doing well because the market thinks even in a recession they should play positively," said Mathan Somasundaram, chief executive officer of Deep Data Analytics.

The financial index traded 1% higher, with the "Big Four" banks firming in the range of 1.1% and 1.7%.

New Zealand's benchmark S&P/NZX 50 index rose 0.7% to finish the session at 11,200 points. (Reporting by Archishma Iyer in Bengaluru; Editing by Savio D'Souza)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 2.64% 46.975 Delayed Quote.39.45%
FORTESCUE METALS GROUP LIMITED 5.28% 20.74 Delayed Quote.2.45%
NEWCREST MINING LIMITED -0.09% 21.065 Delayed Quote.-13.85%
NORTHERN STAR RESOURCES LIMITED -0.59% 11.03 Delayed Quote.17.75%
RIO TINTO PLC -0.25% 5584 Delayed Quote.14.15%
S&P/ASX 200 0.32% 7325 Real-time Quote.-1.92%
All news about NORTHERN STAR RESOURCES LIMITED
12/01Australian shares fall as bleak U.S. data dims risk appetite
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11/30Australian shares jump after Powell signals slowdown in rate hikes
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11/29Australian shares fall; focus on Powell's speech, China data
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11/28Commodity stocks drag Australian shares as China COVID fears persist
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11/23Australian shares rise on possibility of slower Fed rate hikes
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11/22Miners, banks push Australian shares higher ahead of Fed minutes
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11/16Australian shares inch higher as financials and gold stocks advance
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Analyst Recommendations on NORTHERN STAR RESOURCES LIMITED
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Financials
Sales 2023 4 144 M 2 811 M 2 811 M
Net income 2023 410 M 278 M 278 M
Net Debt 2023 42,8 M 29,0 M 29,0 M
P/E ratio 2023 31,3x
Yield 2023 2,40%
Capitalization 12 749 M 8 647 M 8 647 M
EV / Sales 2023 3,09x
EV / Sales 2024 2,67x
Nbr of Employees 3 383
Free-Float 97,5%
Chart NORTHERN STAR RESOURCES LIMITED
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Technical analysis trends NORTHERN STAR RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 11,08 AUD
Average target price 11,13 AUD
Spread / Average Target 0,46%
EPS Revisions
Managers and Directors
Stuart Tonkin Chief Executive Officer, MD & Director
Ryan Gurner Chief Financial Officer
Michael Alfred Chaney Non-Executive Chairman
Steven McClare Chief Technical Officer
Simon A. Jessop Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
NORTHERN STAR RESOURCES LIMITED17.75%8 647
NEWMONT CORPORATION-21.69%38 631
BARRICK GOLD CORPORATION-4.95%29 900
AGNICO EAGLE MINES LIMITED-1.83%23 560
POLYUS-35.94%18 103
WHEATON PRECIOUS METALS CORP.-1.69%17 909