0115 GMT - Northern Star Resources looks unlikely to achieve a target of producing more than 2 million oz of gold in FY 2026, according to Jefferies. It thinks Northern Star will revise its outlook later this month. Analyst Mitch Ryan now expects Northern Star to produce 1.75 million oz at an all-in sustaining cost of A$2,155/oz. He had previously forecast output of 1.85 million oz at an AISC of A$1,976/oz. Jefferies cuts its price target on Northern Star by 8.3% to A$22.00/Share. Still, it retains a buy call on the stock. "While we see near-term downside to consensus production and cost outlooks beyond this we see the company remaining cash generative and delivering on material production growth pipeline," Jefferies says. Northern Star is up 1.6% at A$18.85. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 30, 2025 21:15 ET (01:15 GMT)

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