Northern Star Resources' (ASX:NST) underperformance will be expectedly reversed in the fiscal fourth quarter once its 2026 guidance is downgraded and Gold Road Resources sells its 3.4% stake in the company, said Citi Analyst Kate McCutcheon, according to a Friday The Australian report.
Citi upgraded Northern Star Resources' rating from neutral to buy and increased its price target by 13% to AU$22.50.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.