Should I buy Northern Star Resources stock in 2025?

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At HelloSafe, our expert has been tracking the performance of Northern Star Resources for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Northern Star Resources.

What is Northern Star Resources?

What is the Northern Star Resources stock price?

The price of Northern Star Resources stock is slightly lower this week. Currently trading at $18.56 AUD, the stock is down 1.12% over the past 24 hours and 1.5% for the week. With a market capitalisation of $26.51 billion AUD and a 3-month average volume of 8.68 million shares, the company boasts strong liquidity. Its P/E Ratio stands at 22.63, the dividend yield is 2.69%, and the beta is 0.66, reflecting moderate volatility compared to the broader market. The current dip may present an intriguing opportunity for investors keen on the gold sector’s long-term outlook.

Our full analysis of the Northern Star Resources stock

After reviewing Northern Star Resources’s latest financial results and tracking its stock performance over the last three years, we have combined insights from financial indicators, technical signals, market dynamics, and competitor benchmarking using our proprietary algorithms. This approach enables a clear and rigorous perspective on the company’s potential and its place within Australia’s competitive gold sector. So, why might Northern Star Resources stock once again become a strategic entry point into the precious metals market in 2025?

Recent performance and market context

Northern Star Resources has delivered an impressive performance over the past year, outpacing much of the ASX with a 45.34% annual share price rise, currently trading at $18.56 AUD. Though the past week saw a slight pullback (-1.5%) and a modest intraday decline (-1.12%), the longer-term trend is clearly positive, supported by robust investor sentiment. With a market capitalisation of $26.51 billion AUD and an average three-month daily trading volume of 8.68 million shares, Northern Star Resources has established itself among the leading Australian blue-chip names. The finalisation of the De Grey Mining acquisition in May 2025, a recently completed $192 million share buyback, and resilient financials despite sector volatility underline the company’s operational strength. As global gold prices remain elevated, Northern Star Resources is strongly leveraged to benefit from continued geopolitical uncertainty and a persistent appetite for safe-haven assets, making it an attractive proposition amid the evolving macroeconomic backdrop.

Technical analysis

Technical signals on Northern Star Resources currently suggest favourable setup conditions for investors with a strategic mindset. The 14-day RSI is at 37.11—an area bordering oversold, implying that recent selling pressure could be providing a healthy entry opportunity before a technical rebound. The MACD remains negative but is showing early signs of stabilisation, while the share price currently sits below its short-term 20- and 50-day moving averages but comfortably above its 200-day moving average ($17.79 AUD). This indicates the share is undergoing a temporary correction within a broader uptrend—a textbook bullish structure for medium-term buyers. Robust support levels have been established at $18.00–$18.37 AUD, limiting downside risks, with immediate resistance at $18.74–$19.11 AUD. Combined, these metrics suggest momentum may be building for a positive reversal, and the presence of strong medium-term momentum reinforces the case for portfolio inclusion.

Fundamental analysis

The appeal of Northern Star Resources is grounded firmly in its powerful fundamentals. FY24 saw revenues climb to $5.54 billion AUD, with net profit of $946.4 million AUD and a strong profit margin of 17.08%. The company’s EPS of $0.82 AUD affirms profitability and operational discipline, even as the most recent semester underperformed analysts’ expectations only marginally. With a P/E ratio of 22.63, valuation remains reasonable given sector and growth prospects, while the 2.69% dividend yield outpaces many industrial peers—significantly, all supported by a fortress capital structure. Strategically, the company’s acquisition of De Grey Mining is transformative, cementing its place as the largest gold producer listed on the ASX, expanding ore reserves, and securing access to high-potential regions in Western Australia. Northern Star Resources maintains a formidable market share, an enviable cost position within the industry, and a management team with a demonstrable record of returning capital to shareholders. The brand is synonymous with quality, scale, and sustained profitability, underlined by nearly a decade of ore reserves and an expanding operating footprint.

Volume and liquidity

Liquidity and sustained institutional interest further strengthen Northern Star Resources’s investment case. With a 3-month average volume of 8.68 million shares and a freely tradable float of 1.42 billion shares out of 1.43 billion outstanding, the stock enjoys deep market liquidity, keeping spreads tight and reducing execution risk for investors. Large trading volumes, particularly during major announcements or sector-wide rallies, indicate consistent confidence from the investment community and make the stock suitable both for active traders and longer-term holders. The broad ownership base, with strong institutional backing, supports a dynamic valuation environment and helps ensure responsive, rational price discovery.

Catalysts and positive outlook

Several powerful catalysts are poised to reinforce the positive outlook for Northern Star Resources:

• The successful integration of De Grey Mining stands to unlock significant operational synergies and drive volume growth.
• Ongoing expansion at KCGM and other WA goldfields will support production targets in FY26 and beyond.
• With gold prices likely to remain firm in a climate of enduring inflation and geopolitical risk, revenue and cash flow are well protected.
• The company is forecast to deliver annual revenue and earnings growth (10% and 14.8%, respectively), as confirmed by consensus.
• Commitment to continuous improvement, digitisation, and cost controls enhance margins and allow for further flexibility in capital allocation.
• ESG-focused investors are increasingly attracted to Northern Star Resources’s adherence to best practices in sustainable mining and its proactive corporate responsibility strategy.
• Impending quarterly and annual earnings releases—next scheduled for 24 July 2025—are likely to act as catalysts for renewed market interest, especially if guidance remains strong.

Combined, these drivers ensure that Northern Star Resources is ideally positioned to benefit from ongoing sector and macroeconomic tailwinds.

Investment strategies

Current conditions favour a variety of investment styles, each with strategic justification:

• Short-term: Investors can look to enter near established technical supports ($18.00–$18.37 AUD) or on confirmation of a reversal above the 20-day moving average. Capitalising on short-term sector rallies or gold price surges may yield attractive returns.
• Medium-term: With operational catalysts such as the De Grey Mining integration and quarterly results on the horizon, accumulation ahead of these events could prove timely.
• Long-term: Given its dominant cost position, robust balance sheet, and sector leadership, Northern Star Resources is well suited for core portfolio holdings, especially for those seeking exposure to the secular uptrend in gold.
• Event-driven: Those tracking major news—earnings releases, project milestones, or dividend announcements—should watch for volatility that creates value-rich entry points.
• ESG and index-focused: The stock’s rising ESG credentials and inclusion in multiple indices (given its scale) invite both ethical and passive buy-side flows.

This breadth of strategy confirms that now may be an ideal moment to initiate or increase exposure, particularly as the stock consolidates above its long-term supports and leverages multiple growth vectors.

Is it the right time to buy Northern Star Resources?

Northern Star Resources has all the hallmarks of a high-quality, growth-focused Australian gold producer: strong earnings momentum, stable liquidity, a scalable operating model, and an expanding footprint in tier-one jurisdictions. With gold prices serving as a powerful macro tailwind and consensus targets implying a further 30% upside from current levels, the stock’s fundamentals justify renewed interest from investors seeking blend of defensive characteristics and capital appreciation potential. The recent technical pause may be setting up for a bullish phase, making this an especially compelling juncture to consider Northern Star Resources as a strategic holding.

Northern Star Resources continues to combine resilient growth, operational excellence, and structural sector tailwinds, signalling that the current market environment presents an excellent opportunity to consider adding this leading gold stock to a diversified investment portfolio.

How to buy Northern Star Resources stock in Australia

Buying Northern Star Resources stock online through a regulated broker is straightforward, safe, and suitable for all levels of investor. You can buy shares directly (spot/cash) to become a shareholder, or use CFDs for leveraged exposure and flexible trading. Both methods can be accessed on Australian broker platforms, with transparent fees and easy order placement. For help choosing the right broker for your needs, see our detailed comparison further down the page.

Spot buying

A cash purchase of Northern Star Resources stock means you acquire the actual shares, making you a direct part-owner of the company. This method typically involves a fixed commission per trade, usually between $5 and $15 AUD, depending on your broker.

Example of a gain scenario for an investment

If the Northern Star Resources share price is $18.56 AUD, you can buy around 53 shares with a $1,000 stake, including a brokerage fee of around $5.

✔️ Gain scenario:

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on Northern Star Resources shares lets you speculate on the share price without owning the stock. With CFDs, you pay a small spread (the difference between buying and selling price) and potentially overnight financing fees if you keep your position open overnight. CFDs offer leverage, magnifying both gains and risks.

Example of a successful CFD trade

You open a CFD position on Northern Star Resources shares, with 5x leverage and a $1,000 stake.

This gives you market exposure of $5,000.

✔️ Gain scenario:

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Always compare brokers’ fees, platform features, and support before investing to ensure the best value and security. Your choice between spot buying and CFDs should match your investment goals, risk tolerance, and trading style—review our broker comparison further down the page to get started.

Our 7 tips for buying Northern Star Resources stock

The latest news about Northern Star Resources

Northern Star Resources completes a major acquisition of De Grey Mining, boosting WA gold production scale. In May 2025, Northern Star Resources finalised the AUD 4.9 billion acquisition of De Grey Mining. This strategic move substantially strengthens the group’s operational footprint in Western Australia, consolidating its status as the largest ASX-listed gold producer and supporting long-term regional employment and supply chains.

The company announces completion of a significant share buyback program worth AUD 192 million. Northern Star Resources has completed a AUD 192 million share buyback, enhancing capital management and signalling board confidence in intrinsic value. This action is typically viewed positively by the market as it increases earnings per share and aligns with shareholder interests in Australia.

Preparations for release of Q4 2025 results generate anticipation in local and global markets. Northern Star Resources has scheduled its Q4 2025 earnings announcement for 24 July 2025. With consensus expectations remaining positive despite minor recent earnings fluctuation, analysts and market participants are watching this event for updated guidance on integration synergies and production outlook.

Share price maintains long-term uptrend with a gain of over 17% in the past six months. Despite a 1.5% decrease in the last week, Northern Star Resources’s shares are still up 17.8% over six months and 45.3% year-on-year. The stock remains above its 200-day moving average, indicating a structurally bullish trend, even as it consolidates below short-term resistance levels.

Analysts maintain an optimistic consensus with a raised target price of AUD 24.13. Several brokerages have reaffirmed their positive outlook, setting a new average 12-month target price for Northern Star Resources at AUD 24.13, around 30% above current levels. The integration of new assets, exposure to resilient gold prices, and projected annual revenue growth continue to attract local institutional and retail interest.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.