Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – Still a Buy?

Northern Star Resources Limited (OTCMKTS:NESRF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.4360, but opened at $14.05. Northern Star Resources shares last traded at $14.05, with a volume of 6,000 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Northern Star Resources Stock Down 0.9%

The company has a market cap of $19.95 billion and a price-to-earnings ratio of 288.40. The business’s fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $16.26.

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.