On 23rd April USB released analyst note for NST. Valuation: Neutral rated A$15.00, based on long term gold price of US$1,750/oz. It was then trading at $14.67:
"While not the cheapest under coverage, holding spot prices NST trades on 4.7-5.2x EV/EBITDA and 7.7-8.3% FCF at spot in FY25/26E. Lifting our long term gold price to US$2,000/oz increases our NPV ~20% to A$18.00/sh."
Now I would argue that holders should work on 200 DMA as the long term price for a commodity to values shares of a mining company. Today DMA is US$2,111/oz. Just using simple linear extrapolation would put the current price target at $19.33/sh, i.e. 43.9% increase on today's closing price of $13.43/sh.
Best looking weekly chart, page-2142
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Last
$16.90 |
Change
0.650(4.00%) |
Mkt cap ! $19.42B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $17.10 | $16.41 | $71.23M | 4.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11438 | $16.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.90 | 22879 | 3 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |