Hollencrest Capital Management Acquires 150,000 Shares of Golden Star Resources Ltd. (GSS)

Hollencrest Capital Management raised its holdings in shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the company’s stock after purchasing an additional 150,000 shares during the period. Hollencrest Capital Management owned about 0.08% of Golden Star Resources worth $267,000 as of its most recent SEC filing.

Separately, Bank of Montreal Can boosted its holdings in shares of Golden Star Resources by 22.5% during the fourth quarter. Bank of Montreal Can now owns 475,200 shares of the company’s stock valued at $423,000 after acquiring an additional 87,200 shares during the period.

GSS has been the subject of several analyst reports. HC Wainwright initiated coverage on shares of Golden Star Resources in a report on Wednesday, November 29th. They set a “buy” rating and a $1.40 price target for the company. Zacks Investment Research downgraded shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Scotiabank set a $0.95 price target on shares of Golden Star Resources and gave the company a “sector perform” rating in a report on Wednesday, November 15th. Finally, Desjardins initiated coverage on shares of Golden Star Resources in a report on Friday, September 29th. They set a “buy” rating for the company.

Shares of Golden Star Resources Ltd. (NYSEAMERICAN GSS) opened at $0.80 on Friday. The firm has a market cap of $411.09, a PE ratio of 11.43 and a beta of -0.84. Golden Star Resources Ltd. has a 1-year low of $0.59 and a 1-year high of $1.01.

Golden Star Resources (NYSEAMERICAN:GSS) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%.

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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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