Northern Star Resources Ltd Downgraded by Citi
Northern Star Resources Ltd’s stock has been downgraded by Citi due to concerns over capital expenditure and delayed free cash flow.
The company’s production target of 2 million ounces of gold per year has been revised, with the current outlook indicating a slower-than-expected pace.
Market Impact
The downgrade has contributed to a cautious outlook for the company’s financial performance. The broader market has also been affected, with the ASX 200 experiencing a decline due to weakness in various sectors.
Sector Performance
- The ASX 200 has slipped due to weakness in various sectors.
- Healthcare stocks have performed well, bucking the trend of the broader market.
Key Statistics
- Northern Star Resources Ltd’s stock has been downgraded by Citi.
- The company’s production target of 2 million ounces of gold per year has been revised.
- The ASX 200 has declined due to weakness in various sectors.