Gold Fields Bid for Northern Star Puts it at Premium to Peers

Dow Jones
Sep 28

0142 GMT - A rejected takeover proposal for Northern Star from Gold Fields values the Australian miner at 8.7x enterprise value/Ebitda based on FY27 estimates, RBC Capital Markets says. That is a 16% premium to peer Evolution Mining, which trades at 7.5x, says RBC. It is a roughly 48% premium to RBC's ASX gold coverage, on 5.9x, the broker says. Northern Star shares are up 8.5% at A$23.98.

 

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