Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Northern Star Resources Limited
  6. News
  7. Summary
    NST   AU000000NST8

NORTHERN STAR RESOURCES LIMITED

(NST)
  Report
Delayed Australian Stock Exchange  -  12:11 2022-11-29 am EST
10.54 AUD   -0.47%
09:39aGenesis Minerals Limited - Annual General Meeting, Chairman's Address
AQ
11/28Commodity stocks drag Australian shares as China COVID fears persist
RE
11/23Australian shares rise on possibility of slower Fed rate hikes
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news
Days
:
Hours
:
Minutes
:
Seconds

Australian shares fall on Fed rate hike jitters

09/15/2022 | 09:25pm EST

Sept 16 (Reuters) - Australian shares fell in early trade on Friday, as stronger-than-expected U.S. economic data cemented fears of an aggressive interest rate hike from the Federal Reserve next week.

The S&P/ASX 200 index had declined 0.7% by 0030 GMT, shedding about 1.5% so far this week. All sectors but financials were trading in negative territory on Friday.

Data showed U.S retail sales unexpectedly rebounded in August, while the number of people filing for new claims for unemployment benefits fell to its lowest in more than three months.

In Australia, the central bank flagged more interest rate hikes ahead but said it would be appropriate to slow the pace at some point.

Energy stocks led the declines with a 2% drop after oil prices slumped to a one week-low overnight on expectations of weak global demand.

Oil and gas majors Woodside Energy and Santos fell 1.7% and 2%, respectively.

Miners declined nearly 2%, with iron ore behemoths BHP and Rio Tinto shedding about 1% each.

Technology stocks slid 0.3%, tracking losses in their Wall Street peers. Software maker WiseTech Global dropped 3.1% to lead the losses on the sub-index, while ASX-listed shares of Block Inc gained 0.2%.

Gold stocks tumbled 3.2% and were the top percentage losers after bullion prices hit their lowest in more than two years on Thursday.

Newcrest Mining, the country's largest gold miner, lost 2.2%, while Northern Star Resources fell nearly 4%.

Financials were the only gainers, climbing 0.2%. The "big four" banks advanced between 0.1% and 1.5%.

New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 11,634.5. (Reporting by Navya Mittal in Bengaluru; Editing by Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.55% 0.66881 Delayed Quote.-7.56%
BHP GROUP LIMITED 2.12% 44.82 Delayed Quote.33.75%
BLOCK, INC. 1.21% 62.11 Delayed Quote.-62.00%
BRENT OIL 1.65% 84.58 Delayed Quote.7.57%
BRITISH POUND / US DOLLAR (GBP/USD) -0.08% 1.1949 Delayed Quote.-10.90%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.67% 0.73612 Delayed Quote.-5.73%
EURO / US DOLLAR (EUR/USD) -0.15% 1.0328 Delayed Quote.-8.82%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.02% 0.012251 Delayed Quote.-8.84%
NAVYA -7.57% 0.1026 Real-time Quote.-94.61%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.58% 0.6198 Delayed Quote.-9.08%
NEWCREST MINING LIMITED -0.10% 19.63 Delayed Quote.-19.73%
NORTHERN STAR RESOURCES LIMITED -0.47% 10.54 Delayed Quote.12.54%
RIO TINTO PLC 3.73% 5563 Delayed Quote.9.63%
S&P/ASX 200 0.33% 7253.3 Real-time Quote.-2.49%
SANTOS LIMITED 1.10% 7.33 Delayed Quote.14.90%
WISETECH GLOBAL LIMITED -0.23% 55.57 Delayed Quote.-4.92%
WOODSIDE ENERGY GROUP LTD -0.35% 36.83 Delayed Quote.68.54%
WTI 2.70% 78.604 Delayed Quote.1.56%
All news about NORTHERN STAR RESOURCES LIMITED
09:39aGenesis Minerals Limited - Annual General Meeting, Chairman's Address
AQ
11/28Commodity stocks drag Australian shares as China COVID fears persist
RE
11/23Australian shares rise on possibility of slower Fed rate hikes
RE
11/22Miners, banks push Australian shares higher ahead of Fed minutes
RE
11/16Australian shares inch higher as financials and gold stocks advance
RE
11/15Northern Star Resources Limited - EXPLORATION UPDATE
AQ
11/14Northern Star Resources Limited Announces Positive Progress from Its FY23 Exploration P..
CI
11/09Mining, gold stocks push Aussie shares to a near two-month high
RE
10/27Australian shares snap winning streak as gold, miners tumble
RE
10/25Australian shares rise on signs of easing Fed hawkish tone; CPI data in focus
RE
More news
Analyst Recommendations on NORTHERN STAR RESOURCES LIMITED
More recommendations
Financials
Sales 2023 4 160 M 2 782 M 2 782 M
Net income 2023 413 M 276 M 276 M
Net Debt 2023 42,8 M 28,6 M 28,6 M
P/E ratio 2023 29,4x
Yield 2023 2,45%
Capitalization 12 128 M 8 113 M 8 113 M
EV / Sales 2023 2,93x
EV / Sales 2024 2,54x
Nbr of Employees 3 383
Free-Float 97,5%
Chart NORTHERN STAR RESOURCES LIMITED
Duration : Period :
Northern Star Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
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 10,54 AUD
Average target price 11,05 AUD
Spread / Average Target 4,81%
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 LIMITED12.54%8 142
NEWMONT CORPORATION-26.07%35 179
BARRICK GOLD CORPORATION-12.93%27 428
AGNICO EAGLE MINES LIMITED-6.15%22 035
POLYUS-35.94%18 655
WHEATON PRECIOUS METALS CORP.-7.07%16 951