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

Northern Star Resources Limited (OTCMKTS:NESRF)’s share 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.

Analysts Set New Price Targets

Separately, Zacks Research lowered Northern Star Resources from a “hold” rating to a “strong sell” rating in a research report 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’s stock. According to MarketBeat, Northern Star Resources presently has an average rating of “Hold”.

Northern Star Resources Trading Down 2.0%

The firm’s 50-day simple moving average is $14.18 and its 200 day simple moving average is $16.08. The stock has a market cap of $21.45 billion and a P/E ratio of 288.40.

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.