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NST - Deutsche Bank rates the stock as Hold
BY BROKER NEWS - 14/07/2017 | VIEW MORE BROKER UPDATES

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NST - NORTHERN STAR RESOURCES LTD


Northern Star's June Q production came in 25% ahead of Deutsche Bank thanks to an excellent quarter at Jundee featuring a 50% grade increase. The FY17 result will come in at the top end of guidance.

The broker believes a more muted FY18 guidance range is conservative given a number of short term catalysts ahead, such as the Kalgoorlie plant extension study and reserve upgrade. The company's August strategy day awaits. A target increase to $4.40 from $4.30 prompts an upgrade to Hold.

Sector: Materials.

Target price is $4.40.Current Price is $4.81. Difference: ($0.41) - (brackets indicate current price is over target). If NST meets the Deutsche Bank target it will return approximately -9% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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