Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – What’s Next?

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $14.65, but opened at $15.67. Northern Star Resources shares last traded at $15.67, with a volume of 1,138 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NESRF shares. Zacks Research upgraded Northern Star Resources to a “hold” rating in a research report on Thursday, May 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Northern Star Resources Price Performance

The stock has a 50 day moving average of $15.05 and a 200 day moving average of $17.14. The firm has a market cap of $22.08 billion and a P/E ratio of 288.40.

About Northern Star Resources

Northern Star Resources (OTCMKTS:NESRF) is an Australian-based gold mining company engaged in the exploration, development, and production of gold through a portfolio of underground and open-pit operations. Headquartered in West Perth, Western Australia, the company focuses on the efficient delivery of ore to onsite processing facilities, employing both conventional and modern mining techniques to optimize recovery and manage operating costs.

The company’s principal operations are located across key gold provinces in Western Australia, including the Kalgoorlie, Kambalda and Jundee regions, as well as the Pogo mine in Alaska, which Northern Star acquired in 2018.