Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – What’s Next?

Northern Star Resources Limited (OTCMKTS:NESRF) gapped up before the market opened on Monday . The stock had previously closed at $13.58, but opened at $16.3280. Northern Star Resources shares last traded at $16.50, with a volume of 9,150 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on NESRF shares. Zacks Research upgraded shares of Northern Star Resources to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Northern Star Resources currently has a consensus rating of “Moderate Buy”.

Northern Star Resources Price Performance

The company has a market capitalization of $21.13 billion and a PE ratio of 288.40. The company’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $16.96.

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.