Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – Still a Buy?

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.75, but opened at $16.20. Northern Star Resources shares last traded at $16.20, with a volume of 416 shares.

Wall Street Analysts Forecast Growth

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

Northern Star Resources Stock Down 1.8%

The business has a fifty day moving average price of $15.45 and a 200 day moving average price of $15.49.

Northern Star Resources Company Profile

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.