NST cut to sell at Argonaut price target A$7.90, page-14

Macquarie improved its outlook on Northern Star shares by 15% to $15 per share. Based on Monday’s closing price, this implies an upside of a sizeable 65% for investors.

On the other hand, Swiss investment firm, UBS lowered its outlook on the company’s shares by 23% to $11.20. While the broker reduced its assessment on Northern Star, it still sees value in the gold miner. The price target represents a potential upside of 22% from where it trades today.

Furthermore, Northern Star managing director and CEO, Stuart Tonkin recently made an on-market transaction buying more of the company’s shares.

He picked up 50,000 Northern Star shares that were purchased at an average price of $8.86 per share or $443,000 worth. The sale increases Mr Tonkin’s existing holding by 4.2%, taking advantage of the recent share price weakness.