04/04/2024 09:15

Northern Star Resources Ltd (NST) $14.67

NST has been the star performer over recent years, and again, there were no negative surprises when it delivered its quarterly results on Tuesday, pushing the stock to a 52-week high.

Read more

21/03/2024 09:30

Northern Star Resources Ltd (NST) $13.40

NST fell -3.2% on Wednesday, which was an overall tough session for the gold sector, although NST is still up year-to-date, unlike many of its peers. The stock posted fresh 3-year highs earlier this month but has subsequently declined 8% over the last 3-weeks, another example where not being afraid to take a profit will often add alpha/performance to a portfolio through 2024.

Read more

15/02/2024 09:25

Northern Star Resources Ltd (NST) $12.87

NST delivered a solid December quarter production report last month, while maintaining their FY24 guidance across the board, i.e. a solid outcome compared to several of its peers.

Read more

24/01/2024 16:27

Northern Star Resources (NST) $12.81

NST +6.04%: A good session from the gold miner today as they delivered December quarter production numbers that were all in order, while they maintained their FY24 guidance across the board.

Read more

18/01/2024 09:48

Active Growth Portfolio – Amendments

We are amending the Active Growth Portfolio

Read more

18/01/2024 09:29

Northern Star Resources (NST) $12.30

NST has significantly outperformed EVN over the last 4-weeks, but after failing to punch above $14, it looks set to trade back towards $11 as dovish bets are reined in as economic data remains firm and Fed Members caution markets around targeting six rate cuts by the Fed in 2024.

Read more

16/01/2024 08:40

Northern Star Resources (NST) $13.12

MM is holding a significant 8% exposure to gold stocks in our MM Flagship Growth Portfolio through 5% in NST 5% and 3% in Evolution Mining (EVN). Considering our neutral outlook towards bond yields in 1H, we can see gold stocks treading water for much of 2024; hence, it’s a logical time to consider reducing this very bullish positioning.

Read more

22/12/2023 09:02

Northern Star Resources (NST) $13.62

MM is overweight gold, holding 3% in EVN and 5% in NST. Hence, with bond yields starting to extend on the downside, we may take a profit on one of these holdings, eyeing a better opportunity to re-establish the exposure later in 2024. However, it's important to note we are looking at holding a decent gold exposure throughout the coming year (s); it's just a matter of how much.

Read more

07/12/2023 09:06

Evolution Mining (EVN) v Northern Star Resources (NST)

As we discussed earlier, the sell-off in EVN is overdone. Still, from a strategic position, it may continue to underperform NST while copper struggles – the copper price is essentially a China play into 2024. At MM, we are committed to remaining overweight gold through 2024, but the best vehicle (s) to adopt for this strategic decision may sometimes change.

Read more

30/11/2023 09:10

Northern Star Resources (NST) $12.67

It would have been easy for us to have written a whole report on gold this morning, but it would have been very repetitive of recent notes; hence, we have just selected one stock that stood out to MM on Wednesday. Gold and gold stocks continue to look great, typified by NST yesterday as it rallied +4.4%, breaking out to a fresh 4-month high in the process.

Read more