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

Northern Star Resources Limited (OTCMKTS:NESRF) shares gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

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

Northern Star Resources Trading Down 6.4%

The firm has a 50-day moving average price of $15.21 and a 200-day moving average price of $17.10. The company has a market capitalization of $20.09 billion and a price-to-earnings ratio of 288.40.

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.