ALGO Update: Stay Long Northern Star Resources

Our ALGO engine triggered a buy signal on NST on May 24th at $6.16.

At the time, we referred to the company’s recent production forecast of 600,000 ounces of Gold for 2018 as a net positive.

You're not a member!  Trial today!

However, a recent research note from UBS has upgraded their production to 690,000 ounces and set a 12-month target on the stock at $7.50.

Considering the recent weakness in Spot Gold, we expect NST to continue to trade higher as the Spot market improves. Northern Star


Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2020 Investor Signals