Northern Star Resources (OTCMKTS:NESRF) Trading Up 9.1% – Time to Buy?

Shares of Northern Star Resources Limited (OTCMKTS:NESRF) were up 9.1% on Monday . The stock traded as high as $15.20 and last traded at $15.20. Approximately 1,500 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 29,181 shares. The stock had previously closed at $13.93.

Analysts Set New Price Targets

A number of analysts recently weighed in on NESRF shares. Jefferies Financial Group restated a “buy” rating on shares of Northern Star Resources in a research note on Monday, February 16th. Zacks Research upgraded 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Northern Star Resources Stock Down 0.2%

The firm has a fifty day moving average of $15.22 and a 200-day moving average of $17.08. The stock has a market capitalization of $19.87 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.