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  -  02:11 2022-08-12 am EDT
8.260 AUD   -2.02%
08/11Banks, miners drag Australian shares lower
RE
08/05Australian shares gain for third straight week on miners, gold boost
RE
08/04Australian shares head for third straight weekly gain
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Australian shares rebound as investors cheer Fed's rate hike decision

06/15/2022 | 09:03pm EDT

June 16 (Reuters) - Australian shares rose on Thursday, led by gains in financials and tech, which tracked the Wall Street higher after investors cheered the U.S. Federal Reserve's decision to hike interest rates by three-quarters of a percentage point.

The S&P/ASX 200 index snapped a four-day losing streak to climb 1% in early trade. The benchmark fell 1.3% on Wednesday.

The Fed's decision to hike rates by 75 basis points - a widely expected move - was welcomed by investors as they viewed that the economy was better off in the long run if the Fed succeeded in reining in prices now.

Tech stocks climbed as much as 1.9% to their highest level in a week. EML Payments climbed 6.3% to lead gains on the index, followed by Novonix, up 4.9%.

Financials advanced 1% with the big four banks gaining between 0.3% and 1.5%.

Meanwhile, Link Administration's shares slumped as much as 10.7% to their lowest level in over two years after the country's competition regulator tabled concerns about Canadian firm Dye & Durham Ltd's (D&D) proposed C$3.2 billion ($2.48 billion) acquisition of the firm.

Gold stocks rose 2.3% on higher bullion prices. Heavyweights Newcrest Mining and Northern Star Resources were up 2.1% and 1%, respectively.

Mining stocks also advanced 1.2%, even though iron ore prices fell, but upbeat economic data from top consumer China for the month of May pushed copper and aluminium prices higher.

Energy stocks shed 0.9% on a decline in oil prices after the Fed's announcement, as markets worried that there could be a fall in demand for the commodity which trades in the greenback.

New Zealand's benchmark S&P/NZX 50 index rose 1% and was headed for its best session in two weeks.

The country's economy unexpectedly contracted in the first quarter as a slump in exports swamped strong domestic spending. (Reporting by Tejaswi Marthi in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DYE & DURHAM LIMITED -2.61% 19.04 Delayed Quote.-57.58%
EML PAYMENTS LIMITED -1.72% 1.14 Delayed Quote.-64.71%
LINK ADMINISTRATION HOLDINGS LIMITED 0.00% 4.48 Delayed Quote.-19.57%
LONDON BRENT OIL -1.47% 97.84 Delayed Quote.27.42%
NEWCREST MINING LIMITED -1.14% 19.11 Delayed Quote.-21.94%
NORTHERN STAR RESOURCES LIMITED -2.02% 8.26 Delayed Quote.-12.22%
NOVONIX LIMITED -8.56% 2.99 Delayed Quote.-67.46%
S&P GSCI ALUMINUM INDEX -3.42% 155.5187 Real-time Quote.-12.80%
S&P/ASX 200 -0.54% 7032.5 Real-time Quote.-5.54%
WTI -2.31% 91.866 Delayed Quote.24.73%
All news about NORTHERN STAR RESOURCES LIMITED
08/11Banks, miners drag Australian shares lower
RE
08/05Australian shares gain for third straight week on miners, gold boost
RE
08/04Australian shares head for third straight weekly gain
RE
07/31NORTHERN STAR RESOURCES : Investor Presentation - KCGM Site Visit
PU
07/29Australia shares log first monthly gain in four as sharp rate-hike fears ebb
RE
07/25SRG Global Secures $63 Million Worth of Contracts in Resources, Energy Sectors
MT
07/21Australian shares slip as resources sectors drop on demand outlook
RE
07/20Northern Star Resources Sells 402,000 Ounces of Gold in Fiscal Q4
MT
07/19Northern Star Resources Limited Provides Sales Guidance for the Fiscal Year 2023
CI
07/19TRANSCRIPT : Northern Star Resources Limited, Q4 2022 Earnings Call, Jul 20, 2022
CI
More news
Analyst Recommendations on NORTHERN STAR RESOURCES LIMITED
More recommendations
Financials
Sales 2022 3 751 M 2 664 M 2 664 M
Net income 2022 410 M 292 M 292 M
Net cash 2022 161 M 114 M 114 M
P/E ratio 2022 25,6x
Yield 2022 2,69%
Capitalization 9 624 M 6 836 M 6 836 M
EV / Sales 2022 2,52x
EV / Sales 2023 2,29x
Nbr of Employees 3 383
Free-Float 97,9%
Chart NORTHERN STAR RESOURCES LIMITED
Duration : Period :
Northern Star Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORTHERN STAR RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 8,26 AUD
Average target price 10,96 AUD
Spread / Average Target 32,7%
EPS Revisions
Managers and Directors
Stuart Tonkin Chief Executive Officer, MD & Director
Ryan Gurner Chief Financial Officer
Michael Alfred Chaney Non-Executive Chairman
Simon A. Jessop Chief Operating Officer
John Daniel Fitzgerald Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
NORTHERN STAR RESOURCES LIMITED-12.22%6 836
NEWMONT CORPORATION-24.94%36 946
BARRICK GOLD CORPORATION-11.14%29 569
AGNICO EAGLE MINES LIMITED-12.95%21 073
POLYUS-35.94%18 476
WHEATON PRECIOUS METALS CORP.-19.80%15 367