Northern Star Resources (OTCMKTS:NESRF) Shares Down 6.4% – What’s Next?

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price traded down 6.4% during trading on Thursday . The company traded as low as $15.58 and last traded at $15.58. Approximately 3,330 shares were traded during trading, a decline of 87% from the average daily volume of 25,081 shares. The stock had previously closed at $16.65.

Analysts Set New Price Targets

Separately, Zacks Research cut Northern Star Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Northern Star Resources Stock Performance

The company has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $15.59.

About Northern Star Resources

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.