Zacks Research Downgrades Northern Star Resources (OTCMKTS:NESRF) to Strong Sell

Northern Star Resources (OTCMKTS:NESRFGet Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Northern Star Resources Price Performance

Northern Star Resources stock opened at $13.77 on Tuesday. The firm has a market capitalization of $19.69 billion and a price-to-earnings ratio of 288.40. The company’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $16.80. Northern Star Resources has a fifty-two week low of $9.80 and a fifty-two week high of $22.99.

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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