Morningstar raises Northern Star Resources fair value to A$20.50; higher bid likely
Morningstar lifted its fair value estimate for Northern Star Resources to A$20.50 per share after the miner rejected Gold Fields’ conditional, non-binding proposal. The firm said Northern Star remains “in play” and a higher offer is likely; median analyst price target is A$25.65.
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07:31:48 PM UTC
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Sept 29 (Reuters) — Gold Fields Said To Weigh Sweetening Northern Star Bid With Cash - Bloomberg News Source text: Further company coverage: GFIJ.J (Reuters.Briefs@thomsonreuters.com;)
50 a share after the Australian gold miner rejected a conditional, non-binding proposal from Gold Fields. The investment research firm said Northern Star remains "in play" and that a higher offer is likely. It also said the company has rebuffed a number of approaches on potential transactions over the past year. 65.
9% YTD.