Highlights

  • Northern Star Resources shares rose 4.0% today, tracking positive broker sentiment.
  • Analysts assign a consensus BUY rating of 2.27, with a target price of AUD 30.33.
  • Year-to-date, NST is up 20.30%, while five-year returns reached 143.70%.

Northern Star Resources Ltd (ASX:NST) traded at AUD 29.39, up 4.00% on 12 February 2026. The stock has consistently shown gains across multiple time frames: 9.34% over the past five days, 15.57% in the past month, and 67.18% over the past six months.

Year-to-date, NST has gained 20.30%, with one-year returns of 60.60% , five-year growth of 143.70%, and all-time appreciation of 17,188.24%.

The recent upward movement reflects both market reaction to H1 FY26 results and positive broker assessments.

Broker Consensus Overview
According to Refinitiv data as of 12 Feb 2026, Analysts maintain a generally positive view on Northern Star Resources, assigning a consensus BUY rating of 2.27. The current target price averages AUD 30.33, implying a potential upside of around 3.2% from current levels.

Analyst recommendations range from BUY to NEUTRAL, reflecting confidence in the company’s positioning in the gold sector, while some caution remains due to market volatility and historical coverage limitations.

H1 FY26 Financial Results
Northern Star reported underlying NPAT of AUD 760m (EPS: 53.2c) for H1 FY26, up 49% versus the prior corresponding period. Cash earnings reached AUD 1,100m (77.0c per share), alongside an interim fully franked dividend of 25c per share.

Revenue for the half-year rose 19% to AUD 3,414.3m, driven by a 31% increase in average realised gold prices, partially offset by slightly lower gold sales (729koz vs 804koz). Underlying EBITDA grew 34% to AUD 1,876m, reflecting higher gold prices, though mining costs and inflation moderated the increase.

The company ended the period with a net cash position of AUD 293m, including cash and bullion of AUD 1,176m. Investments continue in major growth projects, such as the KCGM Mill Expansion and Hemi Development Project, with FY26 production guidance revised to 1,600–1,700koz and AISC guidance at AUD 2,600–2,800/oz. Growth capital expenditure for FY26 is expected to range from AUD 2,315–2,425m, with exploration spending around AUD 225m.

With brokerage assessments pointing to moderate upside and BUY consensus ratings, Northern Star Resources is navigating a period marked by H1 earnings, production guidance updates, and ongoing investment in growth projects. Market participants are tracking execution milestones and analyst targets as the company works toward operational and production objectives.

FAQs
Q1. What are the latest brokerage ratings for Northern Star Resources?
Analysts assign a consensus BUY rating of 2.27, with a target price of AUD 30.33.

Q2. What is the interim dividend declared by the company?
Northern Star announced an interim fully franked dividend of 25c per share.

Q3. What is the FY26 production and cost guidance?
Production guidance is 1,600–1,700koz and AISC guidance is AUD 2,600–2,800/oz.