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

Shares of Northern Star Resources Limited (OTCMKTS:NESRF) 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.

Analyst Ratings Changes

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

Northern Star Resources Stock Performance

The company has a market capitalization of $21.46 billion and a P/E ratio of 288.40. The firm’s fifty day moving average is $15.21 and its 200-day moving average is $17.10.

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.