Royal Bank of Canada downgraded shares of Northern Star Resources (OTCMKTS:NESRF) from an outperform rating to a sector perform rating in a research note released on Tuesday, The Fly reports.
A number of other brokerages also recently issued reports on NESRF. JPMorgan Chase & Co. downgraded Northern Star Resources from an overweight rating to a neutral rating in a report on Monday, February 3rd. Citigroup downgraded Northern Star Resources from a buy rating to a neutral rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Northern Star Resources presently has a consensus rating of Hold and a consensus target price of $11.25.
Shares of OTCMKTS:NESRF opened at $9.33 on Tuesday. Northern Star Resources has a 1 year low of $5.64 and a 1 year high of $9.91. The stock’s 50-day moving average is $8.39 and its 200 day moving average is $7.67.
Northern Star Resources Limited engages in the exploration, development, mining, processing, and sale of gold deposits in Australia. The company primarily holds interests in the Jundee, Kundana, Kanowna Belle, Paulsens, and South Kalgoorlie projects located in Western Australia; and the Central Tanami project situated in the Northern Territory.
Featured Story: Profit Margin
Receive News & Ratings for Northern Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.