Northern Star Resources (OTCMKTS:NESRF) Shares Up 10.6% – Here’s What Happened

Northern Star Resources Limited (OTCMKTS:NESRF) shares shot up 10.6% during trading on Tuesday . The stock traded as high as $15.19 and last traded at $15.19. 8,551 shares were traded during trading, a decline of 72% from the average session volume of 30,191 shares. The stock had previously closed at $13.74.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NESRF. Zacks Research upgraded Northern Star Resources to a “hold” rating in a 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 issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Northern Star Resources Trading Up 1.7%

The firm has a 50-day simple moving average of $15.18 and a two-hundred day simple moving average of $16.94. The company has a market capitalization of $21.45 billion and a price-to-earnings 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.