Northern Star Resources (OTCMKTS:NESRF) Shares Up 9.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NESRF shares. Jefferies Financial Group reiterated a “buy” rating on shares of Northern Star Resources in a report on Monday, February 16th. Zacks Research upgraded Northern Star Resources to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Northern Star Resources Price Performance

The firm’s fifty day moving average is $15.26 and its 200-day moving average is $17.03. The stock has a market capitalization of $19.02 billion and a price-to-earnings ratio of 288.40.

Northern Star Resources Company Profile

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.