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.
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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).
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