Northern Star Resources (OTCMKTS:NESRF) Downgraded to Sector Perform at Royal Bank of Canada
Royal Bank of Canada lowered shares of Northern Star Resources (OTCMKTS:NESRF) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday morning, The Fly reports.
A number of other brokerages have also weighed in on NESRF. JPMorgan Chase & Co. lowered shares of Northern Star Resources from an overweight rating to a neutral rating in a research note on Monday, February 3rd. Citigroup lowered shares of Northern Star Resources from a buy rating to a neutral rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $11.25.
Shares of NESRF opened at $9.20 on Tuesday. The firm’s 50-day moving average price is $8.43 and its 200-day moving average price is $7.67. Northern Star Resources has a 1-year low of $5.64 and a 1-year high of $9.91.
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.
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