Northern Star Resources (OTCMKTS:NESRF) Shares Gap Up – Time to Buy?

Northern Star Resources Limited (OTCMKTS:NESRF) shares gapped up prior to trading on Tuesday. The stock had previously closed at $16.80, but opened at $17.8540. Northern Star Resources shares last traded at $17.8540, with a volume of 1,200 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Northern Star Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Northern Star Resources Stock Performance

The company has a 50 day moving average of $16.71 and a two-hundred day moving average of $16.27.

Northern Star Resources Company Profile

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.