Stock Track | Northern Star Resources Soars 5.97% Intraday on Broker Upgrade and Bullish Gold Outlook

Stock Track

Feb 04

Northern Star Resources Ltd (NST.AU) saw its stock price soar 5.97% during intraday trading on Wednesday, driven by positive analyst sentiment and a favorable outlook for the gold sector.

The surge follows a broker upgrade from Morgans, which raised its target price on Northern Star to A$33.00 from A$26.00 and upgraded the stock's rating to buy from hold. The broker cited a bullish outlook for gold, underpinned by key structural drivers including persistent inflation risk, elevated geopolitical uncertainty, and efforts by central banks to diversify their reserves.

Morgans' move is part of a broader reassessment of Australian gold producers following a rally in bullion prices, indicating renewed confidence in the sector's prospects.

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The broker cited a bullish outlook for gold, underpinned by key structural drivers including persistent inflation risk, elevated geopolitical uncertainty, and efforts by central banks to diversify their reserves.</p><p>Morgans' move is part of a broader reassessment of Australian gold producers following a rally in bullion prices, indicating renewed confidence in the sector's prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NST.AU","symbol_name":"NORTHERN STAR RESOURCES LTD","start_time":0,"source_url":"","article_id":"1149058736","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149058736","pubTimestamp":1770160946,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Northern Star Resources Ltd (NST.AU) saw its stock price soar 5.97% during intraday trading on Wednesday, driven by positive analyst sentiment and a favorable outlook for the gold sector.The surge...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NST.AU":"NORTHERN STAR RESOURCES LTD"},"translate_title":"股票赛道|北极星资源盘中大涨5.97%因券商上调评级及看涨黄金前景","themeId":"59d821f69e35eaf7d6572628eab49dbc","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NST.AU":1},"content_text":"Northern Star Resources Ltd (NST.AU) saw its stock price soar 5.97% during intraday trading on Wednesday, driven by positive analyst sentiment and a favorable outlook for the gold sector.The surge follows a broker upgrade from Morgans, which raised its target price on Northern Star to A$33.00 from A$26.00 and upgraded the stock's rating to buy from hold. 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