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

Northern Star Resources Limited (OTCMKTS:NESRF) shares gapped up before the market opened on Tuesday. The stock had previously closed at $16.80, but opened at $17.45. Northern Star Resources shares last traded at $17.45, with a volume of 382 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Northern Star Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. 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.com, Northern Star Resources currently has a consensus rating of “Moderate Buy”.

Northern Star Resources Stock Down 1.1%

The business has a 50 day simple moving average of $16.61 and a 200-day simple moving average of $15.44.

About Northern Star Resources

Northern Star Resources Ltd. is an Australian gold mining company that explores, develops and operates gold-producing assets. The company’s activities include underground and open-pit mining, mineral processing, exploration and related infrastructure development, with gold as its primary product.

Northern Star’s principal operations are located in Western Australia and Alaska. Its Australian assets include the Kalgoorlie Consolidated Gold Mines (KCGM) operation in the Kalgoorlie region and the Yandal operations in the Northern Goldfields.