Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – Time to Buy?

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $13.50, but opened at $14.15. Northern Star Resources shares last traded at $13.3750, with a volume of 750 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Northern Star Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Northern Star Resources presently has an average rating of “Hold”.

Northern Star Resources Stock Up 0.3%

The company has a 50-day moving average of $14.67 and a 200 day moving average of $16.70. The firm has a market capitalization of $19.76 billion and a PE ratio of 288.40.

Northern Star Resources Company Profile

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.