Northern Star Resources (OTCMKTS:NESRF) Shares Down 1.4% – Here’s Why

Northern Star Resources Limited (OTCMKTS:NESRF) shares dropped 1.4% on Tuesday . The stock traded as low as $18.27 and last traded at $19.08. Approximately 7,454 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 18,873 shares. The stock had previously closed at $19.36.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Northern Star Resources in a research report on Monday, February 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Northern Star Resources Trading Down 1.4%

The company has a fifty day moving average price of $19.20 and a 200 day moving average price of $17.06.

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.