Are Northern Star shares a buy?
A number of brokers believe that the Northern Star share price is currently trading at a bargain price.
Last month, multinational investment firm 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.
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$14.20 |
Change
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Mkt cap ! $16.31B | |||
| Open | High | Low | Value | Volume |
| $14.06 | $14.37 | $14.05 | $89.35M | 6.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10652 | $14.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 4716 | 2 |
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