Goldman Sachs Names Northern Star (NESRF) “Buy” on Gold Rally

Northern Star Resources Limited (OTCMKTS:NESRF) is one of the best performing ASX stocks in 2025. On September 11, Goldman Sachs updated its view on gold stocks for 2025, where it increased its long-term gold price forecast to $3,300 per ounce (up from $2,850), and suggested prices could climb as high as $4,500–$5,000 in certain situations. Northern Star is one of the companies covered in this update. The bank named Northern Star as a well-positioned “Buy” among Australia’s large-cap gold miners.Goldman Sachs Names Northern Star (NESRF) "Buy" on Gold Rally

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Goldman Sachs explained that Northern Star is relatively undervalued compared to peers and should benefit from higher gold prices, both in stable and extreme market scenarios. The bank expects gold stocks, including Northern Star, to outperform the actual commodity price through 2025, thanks to strong profit margins.

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Northern Star Resources Limited (OTCMKTS:NESRF) is an Australian gold mining company. It acquires, explores, develops, and operates gold deposits across Western Australia, the Northern Territory, and Alaska. Its primary assets include the Kalgoorlie Consolidated Gold Mines, the Yandal and Pogo operations, and the recently acquired Hemi gold project. Its main product is gold bullion, produced through large-scale open-pit and underground mining operations.

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READ NEXT: Conservative Stock Portfolio: 11 Best Stocks to Buy Now and 10 Best Performing Penny Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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