Northern Star Resources Valued at 16% Premium to Peer Evolution Mining by Gold Fields, Says RBC
MT Newswires Live13:52
Northern Star Resources (ASX:NST) was valued at a 16% premium to peer Evolution Mining (ASX:EVN) under Gold Fields' buyout proposal, at 7.5 times, and a 48% premium to RBC's ASX gold coverage, at 5.9 times, according to a Monday note by RBC Capital Markets.
The broker said the implied offer price of AU$27 per share values Northern Star at 1.4 times price to net asset value and 8.7 times enterprise value to earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal 2027.
RBC kept a sector perform rating on Northern Star with a price target of AU$19 and a positive sentiment.
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