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

Shares of Northern Star Resources Limited (OTCMKTS:NESRF) gapped up before the market opened on Tuesday . The stock had previously closed at $15.75, but opened at $16.20. Northern Star Resources shares last traded at $16.20, with a volume of 416 shares trading hands.

Analysts Set New Price Targets

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

Northern Star Resources Stock Down 1.8%

The stock’s fifty day simple moving average is $15.51 and its 200 day simple moving average is $15.40.

Northern Star Resources Company Profile

Northern Star Resources Ltd. is an Australian gold mining company engaged in the exploration, development and production of gold. The company operates a portfolio of mines and processing facilities in Australia and North America, producing gold doré and concentrate for sale to refiners and other customers.

Its principal Australian assets include the Kalgoorlie Consolidated Gold Mines (KCGM) operation in Western Australia and the Yandal and Kalgoorlie regions. In North America, Northern Star operates the Pogo underground gold mine in Alaska and the Brucejack underground mine in British Columbia, Canada.