Northern Star Resources (OTCMKTS:NESRF) Shares Gap Down – Time to Sell?

Northern Star Resources Limited (OTCMKTS:NESRF) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.15, but opened at $13.44. Northern Star Resources shares last traded at $14.00, with a volume of 2,660 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Northern Star Resources in a research report 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Northern Star Resources Price Performance

The stock’s 50-day simple moving average is $15.02 and its two-hundred day simple moving average is $17.16. The firm has a market capitalization of $20.30 billion and a P/E ratio of 288.40.

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.