Search All
MIN
Search by Name
Search by Ticker
NST
Northern Star Resources Ltd
Metals and Mining
·
Materials
About Northern Star Resources Ltd
SOURCE
ACTION
FUND MANAGER
DATE
Pendal Group continues to hold Northern Star Resources Ltd (ASX: NST) after shares rose 8.6% when the gold miner confirmed it had rejected a non-binding takeover proposal from Gold Fields. Pendal notes the proposal was rejected as opportunistic and overly reliant on scrip consideration, but it demonstrated strategic interest in Northern Star's asset base. Pendal sees potential for further interest given the operational synergies available across the two companies' Western Australian portfolios. Attention now turns to the start of Northern Star's new chief executive, the ramp-up of the KCGM mill expansion, and whether Gold Fields returns with a proposal carrying a larger cash component.
Newsletter
06 Oct 2026
.
Pendal Group
No Change
Newsletter
Commentary
§ Important Notice
The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.
Frequently asked questions about Northern Star Resources Ltd (ASX:NST)
Frequently asked questions
Who is investing in Northern Star Resources Ltd (ASX:NST)?
Fund managers including Yarra Capital Management, Pendal Group, Alliance Bernstein, Infinity Asset Management, Tyndall Asset Management, Clime Investment Management, Antares Capital, Ten Cap, First Sentier Investors, PM Capital, Perennial Partners, Atlas Funds Management, Paradice Investment Management, Seneca Financial Solutions, Equity Trustees Asset Management, Ellerston Capital, Vinva Investment Management, Oracle Advisory Group, Sage Capital, Perpetual Asset Management, Quest Asset Partners, Katana Asset Management, Maple-Brown Abbott, Alphinity Investment Management, Tamim Funds Management, Paragon Funds and Ralton Asset Management have invested in Northern Star Resources Ltd (ASX:NST).
What opportunities or catalysts do fund managers highlight for Northern Star Resources Ltd?
Pendal highlights activist investor Elliott's stake, which could push for improved performance and shareholder returns, and FY26 results that met lowered expectations.
What are the key risks to the Northern Star Resources Ltd investment thesis, according to fund managers?
Alphinity, Maple-Brown Abbott and Tamim cite production guidance cuts, underperformance at Carosue Dam and Pogo and failure to fully benefit from record gold prices.
What is the short interest in Northern Star Resources Ltd (ASX:NST)?
The short interest in Northern Star Resources Ltd (ASX:NST) is 0.24% which makes it the 342nd most shorted stock on the ASX. Of the 1.4B shares that Northern Star Resources Ltd has on issue, 3.4M have been sold short.
What does Northern Star Resources Ltd (ASX:NST) do?
Northern Star Resources Ltd., headquartered in Subiaco, Australia, is a gold producer and exploration company founded on May 12, 2000. Its operations are organized into seven segments: KCGM, Kalgoorlie Operations, Carosue Dam, Pogo, Jundee, Thunderbox, and Exploration. The KCGM, Kalgoorlie Operations, Carosue Dam, Pogo, Jundee, and Thunderbox segments focus on gold mining and processing. The Exploration segment is dedicated to the identification and evaluation of gold mineralization.