Golden Star Resources Ltd. (NYSEAMERICAN:GSS) Position Raised by Hollencrest Capital Management

Hollencrest Capital Management lifted its holdings in Golden Star Resources Ltd. (NYSEAMERICAN:GSS) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

Separately, Creative Planning boosted its holdings in shares of Golden Star Resources by 15.7% during the 4th quarter. Creative Planning now owns 515,398 shares of the company’s stock worth $459,000 after purchasing an additional 70,000 shares during the last quarter.

GSS has been the topic of a number of research reports. Zacks Investment Research lowered Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Credit Suisse Group raised Golden Star Resources from an “underperform” rating to a “neutral” rating in a report on Friday, January 26th. Scotiabank set a $0.95 target price on Golden Star Resources and gave the company a “sector perform” rating in a report on Friday, February 2nd. HC Wainwright began coverage on Golden Star Resources in a report on Wednesday, November 29th. They issued a “buy” rating and a $1.40 target price on the stock. Finally, National Bank Financial began coverage on Golden Star Resources in a report on Tuesday, January 30th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1.12.

Golden Star Resources Ltd. (NYSEAMERICAN GSS) traded down $0.06 during midday trading on Friday, reaching $0.69. 2,870,000 shares of the company’s stock traded hands, compared to its average volume of 1,490,000. Golden Star Resources Ltd. has a one year low of $0.59 and a one year high of $1.01. The firm has a market capitalization of $342.86, a P/E ratio of 9.89 and a beta of -0.80.

TRADEMARK VIOLATION WARNING: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/11/hollencrest-capital-management-acquires-150000-shares-of-golden-star-resources-ltd-gss.html.

Golden Star Resources 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).

Institutional Ownership by Quarter for Golden Star Resources (NYSEAMERICAN:GSS)

Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply