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Highlights
- Northern Star's year-to-date shares performed consistently as it gained over 14% on the ASX today.
- Gold price surge and the company's operational excellence is primarily impacting the company’s share price.
The shares of the mining company Northern Star Resources Limited (ASX:NST) closed 2.083% higher on the ASX today (25 March) at AU$10.780 per share. Approximately 5.7 million shares of Northern Star traded throughout today's trading session on the ASX. The market cap of Northern Star is AU$12.29 billion.
The share price of Northern Star has gained over 5% on the ASX over a period of 12 months. On the other hand, Northern Star's year-to-date share price gained more than 14% on the ASX today (25 March).
PLS EMBED:
Why did Northern Star close in green today?
There could be several factors that can cause an impact on the share price of a company. An important factor that determines Northern Star's share price is the price of gold, as NST is a gold explorer.
The share price of Northern Star is highly sensitive to the price of gold. As a result, one probable cause for Northern Star's share price gain on the ASX today could be due to the change in prices of gold.
Another factor that determines the share price of a company is its financial performance. As far as Northern Star's financial performance is concerned, the gold explorer has delivered sustainable results in its half-yearly results despite COVID-19 challenges.
Read more: What made Northern Star (ASX:NST) shares gain 14% in a year?
Followed by delivering excellent results both in operations and finances, the company remains steady on its track to achieve its expected FY22 production guidance.
The board of Northern Star has informed that it is focused on delivering operational excellence and protecting the health, safety and wellbeing of its staff and its community even during the ongoing period of market volatility.
Northern Star's revenue spiked by 63% from its previous corresponding period. Apart from revenue, Northern Star's net profit after tax also grew by 43%, and underlying EBITDA grew by 47% from the previous corresponding period.
Supported by strong revenue, net profit after tax and EBITDA, the gold explorer, decided to distribute a fully franked interim dividend worth 10 cents per share to its eligible shareholders. The dividend grew by 5% from the previous corresponding period.
About Northern Star
Northern Star Resource Limited is an Australian gold miner working on world-class gold reserves across Australia and North America. Its headquarter is situated in Perth, Australia.
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