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    NST   AU000000NST8

NORTHERN STAR RESOURCES LIMITED

(NST)
  Report
Delayed Australian Stock Exchange  -  09:19 2022-11-30 pm EST
10.82 AUD   +2.08%
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Australian shares eye best day since late-Jan ahead of RBA decision

10/03/2022 | 08:31pm EST

Oct 4 (Reuters) - Australian shares rose more than 2% on Tuesday to mark their biggest intraday jump since Jan. 28, tracking a strong performance on Wall Street, even as domestic investors braced for another half-point interest rate hike later in the day.

As of 2340 GMT, the S&P/ASX 200 index was up 2.2% at 6,596.8 points. The benchmark closed 0.3% lower on Monday.

Major indexes on Wall Street rallied overnight, as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year's final quarter.

Australian mining stocks jumped as much as 3.1% to hit their highest level since Sept. 21.

Mining heavyweights Rio Tinto and BHP Group gained more than 3% each.

Gold explorers also recorded gains, surging 4.9% to hit their highest in nearly three weeks, benefiting from higher bullion prices.

Newcrest Mining jumped as much as 4.1% to hit a two-week high, while Northern Star Resources hit levels not seen since mid-August.

Sayona Mining climbed 8.9% after the miner announced plans to fast-track its lithium operations in its project in Quebec, Canada.

Later in the day, the Reserve Bank of Australia is expected to increase borrowing costs further than previously thought in its most aggressive tightening cycle since the 1990s.

Over 70% of economists surveyed by Reuters predicted the RBA would hike its cash rate by 50 basis points to 2.85%, with the rest forecasting a smaller 25 basis-point hike.

Financials rallied 2.4% and could record their best day since late-June, if they hold on to the gains. Shares in the so-called "Big Four" banks rose between 2.2% and 3.1%.

Meanwhile, the Australian government said resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soaring coal and gas prices.

New Zealand's benchmark S&P/NZX 50 index was up 1.1% at 11082.52 points. (Reporting by Harish Sridharan in Bengaluru; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 2.26% 46.55 Delayed Quote.36.58%
GOLD 0.09% 1774.79 Delayed Quote.-4.82%
NEWCREST MINING LIMITED 4.54% 20.7 Delayed Quote.-19.08%
NORTHERN STAR RESOURCES LIMITED 2.08% 10.82 Delayed Quote.12.01%
RIO TINTO PLC 0.40% 5585 Delayed Quote.14.17%
S&P GSCI GOLD INDEX 1.63% 1041.34 Real-time Quote.-3.59%
SAYONA MINING LIMITED -1.09% 0.225 Delayed Quote.57.69%
SILVER -0.43% 22.2467 Delayed Quote.-10.16%
All news about NORTHERN STAR RESOURCES LIMITED
11/29Australian shares fall; focus on Powell's speech, China data
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11/29Genesis Minerals Limited - Annual General Meeting, Chairman's Address
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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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11/15Northern Star Resources Limited - EXPLORATION UPDATE
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11/14Northern Star Resources Limited Announces Positive Progress from Its FY23 Exploration P..
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11/09Mining, gold stocks push Aussie shares to a near two-month high
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10/27Australian shares snap winning streak as gold, miners tumble
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More news
Analyst Recommendations on NORTHERN STAR RESOURCES LIMITED
More recommendations
Financials
Sales 2023 4 160 M 2 791 M 2 791 M
Net income 2023 413 M 277 M 277 M
Net Debt 2023 42,8 M 28,7 M 28,7 M
P/E ratio 2023 29,6x
Yield 2023 2,44%
Capitalization 12 197 M 8 182 M 8 182 M
EV / Sales 2023 2,94x
EV / Sales 2024 2,56x
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 10,60 AUD
Average target price 11,05 AUD
Spread / Average Target 4,22%
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 LIMITED12.01%8 112
NEWMONT CORPORATION-28.54%36 321
BARRICK GOLD CORPORATION-10.27%27 901
AGNICO EAGLE MINES LIMITED-6.12%22 704
POLYUS-35.94%18 519
WHEATON PRECIOUS METALS CORP.-5.56%17 004