ValuEngine upgraded shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) from a hold rating to a buy rating in a research note published on Friday morning.
Several other analysts have also recently issued reports on GSS. BidaskClub upgraded shares of Golden Star Resources from a strong sell rating to a sell rating in a research note on Thursday, August 10th. Desjardins assumed coverage on shares of Golden Star Resources in a research note on Friday, September 29th. They issued a buy rating on the stock. Zacks Investment Research cut shares of Golden Star Resources from a strong-buy rating to a hold rating in a research note on Wednesday, October 4th. Finally, Scotiabank set a $1.00 target price on shares of Golden Star Resources and gave the stock a sector perform rating in a research note on Saturday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $1.15.
Shares of Golden Star Resources (GSS) opened at 0.7551 on Friday. The firm’s market capitalization is $284.06 million. The firm’s 50-day moving average is $0.75 and its 200 day moving average is $0.72. Golden Star Resources has a 12 month low of $0.59 and a 12 month high of $1.01.
Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last announced its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The business had revenue of $77.34 million for the quarter. On average, equities research analysts anticipate that Golden Star Resources will post $0.07 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of GSS. Bank of New York Mellon Corp lifted its stake in Golden Star Resources by 18.0% in the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after purchasing an additional 19,121 shares in the last quarter. United Services Automobile Association increased its holdings in shares of Golden Star Resources by 65.2% in the 1st quarter. United Services Automobile Association now owns 5,287,826 shares of the mining company’s stock worth $4,479,000 after buying an additional 2,087,826 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Golden Star Resources by 5.4% in the 1st quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock worth $9,994,000 after buying an additional 600,000 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of Golden Star Resources by 224.2% in the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock worth $260,000 after buying an additional 212,412 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Golden Star Resources in the 1st quarter worth $306,000.
About Golden Star Resources
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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