Research Analysts Issue Forecasts for Golden Star Resources Ltd.’s FY2020 Earnings (GSC)

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) – Stock analysts at National Bank Financial upped their FY2020 earnings estimates for shares of Golden Star Resources in a research report issued to clients and investors on Wednesday. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.18 per share for the year, up from their previous estimate of $0.17. National Bank Financial has a “Outperform Market Weight” rating and a $1.60 price target on the stock.

Several other research firms have also issued reports on GSC. BMO Capital Markets dropped their price objective on Golden Star Resources from C$1.50 to C$1.25 in a research note on Friday, January 12th. Scotiabank reiterated a “sector perform” rating and set a C$1.20 price objective on shares of Golden Star Resources in a research note on Tuesday, November 14th. Finally, HC Wainwright reiterated a “buy” rating on shares of Golden Star Resources in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Golden Star Resources currently has a consensus rating of “Buy” and an average price target of C$1.36.

Golden Star Resources (TSE GSC) traded down C$0.01 during trading on Friday, reaching C$0.91. The company’s stock had a trading volume of 44,251 shares, compared to its average volume of 300,531. Golden Star Resources has a 1 year low of C$0.76 and a 1 year high of C$1.33. The firm has a market capitalization of $490.60, a price-to-earnings ratio of 8.09 and a beta of -1.26.

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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).

Earnings History and Estimates for Golden Star Resources (TSE:GSC)

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