Northern Star Resources posted first half underlying EBITDA that was ahead of Morgan Stanley's expectations.

FY24 guidance is unchanged although the company acknowledges the potential challenges of higher gold royalties and fuel costs along with a weaker Australian dollar.

Equal-weight. Target is $12. Industry view is Attractive.

Sector: Materials.

Target price is $12.00.Current Price is $12.81. Difference: ($0.81) - (brackets indicate current price is over target). If NST meets the Morgan Stanley target it will return approximately -7% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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