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Investing.com - BMO Capital raised its price target on Northern Star Resources (ASX:NST) (OTC:NESRF) to AUD21.00 from AUD20.00 on Thursday, while maintaining an Outperform rating on the stock.
The mining company reported H2/FY25 underlying NPAT of AUD904 million, which was in line with BMO Capital’s estimate of AUD891 million and consensus expectations of AUD890 million.
Northern Star Resources demonstrated significant improvement in the second half of fiscal year 2025 compared to the first half, with a 77% increase in underlying NPAT and a 234% increase in underlying Free Cash Flow.
The company recently provided updated production guidance for upcoming years during a site visit to its KCGM operation.
BMO Capital’s decision to raise the price target follows Northern Star’s sales results that were described as "roughly in line" with the firm’s prior expectations.
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