Northern Star Resources (OTCMKTS:NESRF) Trading Up 9.1% – Time to Buy?

Shares of Northern Star Resources Limited (OTCMKTS:NESRF) were up 9.1% during mid-day trading on Monday . The company traded as high as $15.20 and last traded at $15.20. Approximately 1,500 shares were traded during trading, a decline of 95% from the average daily volume of 29,181 shares. The stock had previously closed at $13.93.

Analyst Ratings Changes

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

Northern Star Resources Stock Down 0.2%

The company has a 50 day moving average of $15.22 and a 200 day moving average of $17.08. The firm has a market cap of $19.87 billion and a price-to-earnings 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.