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

Shares of Northern Star Resources Limited (OTCMKTS:NESRF) gapped up before the market opened 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.

Analyst Ratings Changes

NESRF has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. Zacks Research upgraded shares of Northern Star Resources to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Northern Star Resources Trading Up 5.4%

The company has a market capitalization of $22.08 billion and a PE ratio of 288.40. The firm has a fifty day moving average of $15.05 and a two-hundred day moving average of $17.14.

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.