Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – Here’s What Happened

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $14.3750, but opened at $16.50. Northern Star Resources shares last traded at $16.50, with a volume of 407 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Northern Star Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Northern Star Resources Trading Up 2.4%

The company’s 50-day moving average is $14.25 and its two-hundred day moving average is $16.07.

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.