Golden Star Resources Ltd. (NYSEAMERICAN:GSS) – Research analysts at Clarus Securities lowered their FY2018 earnings per share (EPS) estimates for Golden Star Resources in a note issued to investors on Wednesday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings of $0.08 per share for the year, down from their previous forecast of $0.12.
GSS has been the subject of several other research reports. Scotiabank set a $0.95 price objective on Golden Star Resources and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. National Bank Financial started coverage on Golden Star Resources in a research note on Tuesday, January 30th. They issued an “outperform” rating for the company. Credit Suisse Group raised Golden Star Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, January 26th. Finally, HC Wainwright started coverage on Golden Star Resources in a research note on Wednesday, November 29th. They issued a “buy” rating and a $1.40 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $0.98.
Golden Star Resources (NYSEAMERICAN:GSS) opened at $0.72 on Thursday. Golden Star Resources has a 52 week low of $0.59 and a 52 week high of $1.00. The stock has a market capitalization of $383.93, a P/E ratio of 7.19 and a beta of -0.80.
Several institutional investors have recently added to or reduced their stakes in GSS. Bank of Montreal Can increased its stake in shares of Golden Star Resources by 22.5% in the fourth quarter. Bank of Montreal Can now owns 475,200 shares of the company’s stock valued at $423,000 after buying an additional 87,200 shares during the period. Creative Planning boosted its holdings in Golden Star Resources by 15.7% in the fourth quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after acquiring an additional 70,000 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Golden Star Resources by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after acquiring an additional 150,000 shares during the last quarter. James Investment Research Inc. bought a new stake in Golden Star Resources in the fourth quarter valued at approximately $1,218,000. Finally, Picton Mahoney Asset Management bought a new stake in Golden Star Resources in the fourth quarter valued at approximately $4,922,000.
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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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