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

Northern Star Resources Limited (OTCMKTS:NESRF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.1750, but opened at $13.50. Northern Star Resources shares last traded at $13.7350, with a volume of 467 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered 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’s stock. Based on data from MarketBeat, Northern Star Resources presently has a consensus rating of “Hold”.

Northern Star Resources Price Performance

The company has a fifty day simple moving average of $14.36 and a 200-day simple moving average of $16.44. The company has a market cap of $19.66 billion and a P/E 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.