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

Northern Star Resources Limited (OTCMKTS:NESRF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.1750, but opened at $13.50. Northern Star Resources shares last traded at $13.7350, with a volume of 467 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Northern Star Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Northern Star Resources Price Performance

The company has a market capitalization of $19.70 billion and a price-to-earnings ratio of 288.40. The business has a fifty day moving average price of $14.30 and a 200 day moving average price of $16.38.

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.