NEW YORK (
) -- Shares of
) were gapping up Monday morning with an open price 37.5% higher than Friday's closing price. The stock closed at $3.15 Friday and opened today's trading at $4.33.
The average volume for Northgate has been 2.8 million shares per day over the past 30 days. Northgate has a market cap of $905.1 million and is part of the
industry. Shares are down 1.6% year to date as of the close of trading on Friday.
Northgate Minerals Corporation, together with its subsidiaries, engages in exploring, developing, processing, and mining gold and copper deposits in Canada and Australia.
TheStreet Ratings rates Northgate as a
. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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