BUZZ-Australia's Northern Star Resources tracks bullion higher; Jefferies cuts PT

Reuters
01 Jul
BUZZ-Australia's Northern Star Resources tracks bullion higher; Jefferies cuts PT

** Northern Star Resources NST.AX rises as much as 2.9% to A$19.09; marks biggest intraday pct gain since June 13

** Gains in line with rise in ASX All Ordinaries Gold Index .AXGD, which is up 1% on higher bullion GOL/

** However, Jefferies lowers PT to A$22 from A$24; retains "buy"

** Cuts co's FY26 and FY27 outlooks; believes gold miner not on track to meet guidance of 2Mozpa of production in FY26

** Stock rated "buy" on avg; median PT is A$23.25, per LSEG-compiled data

** NST last up 0.3%, taking YTD gains to 20.6%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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