Golden Star Resources Ltd. (NYSEMKT:GSS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, July 19th.
Several other equities research analysts have also recently commented on the company. Scotiabank set a $1.00 price target on Golden Star Resources and gave the company a “sector perform” rating in a report on Friday, July 7th. Zacks Investment Research cut Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Clarus Securities reissued a “buy” rating on shares of Golden Star Resources in a research note on Thursday, May 4th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1.15.
Shares of Golden Star Resources (NYSEMKT:GSS) opened at 0.7048 on Wednesday. The firm has a 50-day moving average price of $0.65 and a 200-day moving average price of $0.76. Golden Star Resources has a 1-year low of $0.59 and a 1-year high of $1.01. The company’s market cap is $265.12 million.
Golden Star Resources (NYSEMKT:GSS) last announced its earnings results on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The firm had revenue of $77.34 million for the quarter. On average, equities analysts expect that Golden Star Resources will post $0.06 EPS for the current year.
A number of large investors have recently bought and sold shares of GSS. Bank of New York Mellon Corp boosted its stake in Golden Star Resources by 18.0% in the first quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after buying an additional 19,121 shares during the period. Sigma Planning Corp raised its position in Golden Star Resources by 12.8% in the first quarter. Sigma Planning Corp now owns 137,268 shares of the mining company’s stock valued at $116,000 after buying an additional 15,555 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Golden Star Resources during the fourth quarter valued at approximately $165,000. Goldman Sachs Group Inc. raised its position in Golden Star Resources by 26.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock valued at $237,000 after buying an additional 58,510 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in Golden Star Resources by 224.2% in the first quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock valued at $260,000 after buying an additional 212,412 shares in the last quarter.
Golden Star Resources Company Profile
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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