Northern Star Resources, one of the largest gold producers, operates major mines in Australia and Alaska. Despite its solid operations and strong cash generation, NSR is currently undervalued compared to its peers. This undervaluation, coupled with its ongoing growth plans, makes it an attractive investment.
The Australian share market remained flat at midday, with the S&P/ASX 200 Index steady at 7969.8, following a weak lead from Wall Street.
A heavy rotation out of the Magnificent 7 and tech stocks into small caps was pronounced this week
Australian shares fell by 1.2% to dip below 8000 points at lunchtime, driven down by declines in the banking, mining, and technology sectors.
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Australian shares fell by 0.2% at lunchtime, primarily driven by a 2.9% tumble in the tech sector, which mirrored declines in overseas markets.
A surge in interest rate-sensitive technology and real estate stocks propelled the Australian sharemarket to a new intraday record on Wednesday.
NHC is currently trading at a discount relative to its intrinsic value and peers, presenting an attractive entry point based on key valuation metrics.
We are taking profit on Elders Limited (ELD) by selling our entire 4% allocation. Purchased at $7.60 and now selling at around $9.15, we realize a 20.3% capital gain. Additionally, we received a $0.18 dividend per share, which provides a 2.36% yield. In total, this equates to a 22.66% profit on our investment.
All 11 sectors of the S&P/ASX 200 advanced, bringing the index close to its record intraday high of 7910.5 points set on April 2.
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