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Highlights
- Northern Star Resources (NST) delivers 112% share price growth in three years
- 21% quarterly surge shows resilient performance amid short-term volatility
- Total shareholder return of 130% underscores dividend impact
Northern Star Resources (ASX:NST) has demonstrated impressive resilience and growth over the past few years. The company’s share price has skyrocketed by 112% over the last three years, offering a shining example of how long-term growth strategies can yield significant returns. Despite a minor 6.8% dip in the past week, the broader trajectory remains upward, as evidenced by a robust 21% share price increase in the most recent quarter alone.
This trend highlights the importance of focusing on long-term fundamentals rather than short-term fluctuations. A classic reminder from legendary investor Benjamin Graham suggests that while the stock market acts like a voting machine in the short term, it serves as a weighing machine over time — reflecting the true value of companies based on performance and fundamentals.
Interestingly, Northern Star Resources (NST) recorded a 6.5% annual decline in earnings per share (EPS) during the period when its share price was rallying strongly. This divergence suggests that the market is valuing the company based on broader indicators, such as its revenue growth, which expanded at a healthy 14% over three years. This steady revenue performance appears to have outweighed concerns about the modest 1.9% dividend yield.
One significant aspect of Northern Star’s performance is its total shareholder return (TSR), which stands at an impressive 130% over the past three years. TSR offers a more comprehensive view of investment returns by factoring in dividends and other corporate actions alongside share price appreciation. Clearly, dividends have played a key role in enhancing returns beyond the headline share price gains.
Over the last year, the TSR has reached 42%, notably outperforming the five-year annualized TSR of 15%. This trend indicates strengthening positive sentiment surrounding Northern Star Resources (NST) and points to growing investor confidence.
While the company's past performance is promising, assessing future prospects involves considering several factors like insider transactions, broader market dynamics, and detailed company valuations. Insights into fair value estimates, earnings forecasts, and potential risks can help refine decisions for anyone closely tracking Northern Star’s journey.
Northern Star Resources (NST) continues to shine, reflecting a compelling narrative of resilience, strategic growth, and rewarding shareholder returns.
