2227 GMT - Ord Minnett isn't ready to turn bullish on Northern Star Resources, despite a 32% fall in the gold miner's share price since June 13. Northern Star recently rattled investors with weaker FY 2026 cost and capex guidance, while U.S. deals with major trading partners have bolstered risk-on sentiment and led some investors to rotate out of gold equities. "We now see an improved valuation opportunity, but continue to balance this against elevate risks in the near-term (e.g. approvals, expansion) and low free cash flow in FY 2026," analyst Paul Kaner says. Ord Minnett forecasts a 0.2% free cash flow yield in the current fiscal year. It retains a hold call on Northern Star, which ended last week at A$15.30. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 03, 2025 18:27 ET (22:27 GMT)
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