Northern Star Resources (OTCMKTS:NESRF) Shares Gap Down – Here’s What Happened

Northern Star Resources Limited (OTCMKTS:NESRF – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $15.01, but opened at $14.00. Northern Star Resources shares last traded at $14.54, with a volume of 29,087 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research raised shares of Northern Star Resources to a “hold” rating in a research note on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating on shares of Northern Star Resources in a research report on Monday, February 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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Check Out Our Latest Stock Analysis on NESRF

Northern Star Resources Stock Down 6.4%

The stock’s 50 day moving average price is $15.21 and its two-hundred day moving average price is $17.10. The firm has a market capitalization of $20.09 billion and a price-to-earnings ratio of 288.40.

Northern Star Resources Company Profile

(Get Free Report)

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.

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