Northern Star upgraded to Overweight from Equal Weight at Morgan Stanley

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Apr 08 2025

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Morgan Stanley Upgrade: Morgan Stanley upgraded Northern Star Resources (NESRF) to Overweight with a new price target of A$20.50, citing its preference over Evolution Mining, which was downgraded to Underweight.
Production Growth Comparison: Both companies trade at 5x FY26e, but Northern Star is expected to achieve an 8% production compound annual growth rate compared to Evolution's 4%.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.