Northern Star Resources' production and costs in the 2Q were in line with Morgan Stanley's forecasts and management retained FY23 guidance.

The broker highlights the WA-based gold mine Thunderbox Hill is on-track to operate at nameplate capacity of 6Mtpa in the 2H of FY23.

The Equal-weight rating and $10.90 target are unchanged. Industry View: Attractive.

Sector: Materials.

Target price is $10.90.Current Price is $12.16. Difference: ($1.26) - (brackets indicate current price is over target). If NST meets the Morgan Stanley target it will return approximately -12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2023 Acquisdata Pty Ltd., source FN Arena