Golden Star Resources (NYSEAMERICAN:GSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “
A number of other equities analysts have also weighed in on GSS. Scotiabank set a $0.95 price target on shares of Golden Star Resources and gave the company a “sector perform” rating in a report on Thursday, February 15th. HC Wainwright set a $1.00 price target on shares of Golden Star Resources and gave the company a “buy” rating in a report on Thursday, February 15th. Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a report on Friday, January 26th. Finally, National Bank Financial began coverage on shares of Golden Star Resources in a report on Tuesday, January 30th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $0.98.
Golden Star Resources (NYSEAMERICAN:GSS) opened at $0.72 on Friday. The firm has a market cap of $383.93, a price-to-earnings ratio of 7.19 and a beta of -0.80. Golden Star Resources has a 1-year low of $0.59 and a 1-year high of $1.00.
Several large investors have recently bought and sold shares of GSS. Two Sigma Advisers LP lifted its holdings in shares of Golden Star Resources by 767.3% during the 4th quarter. Two Sigma Advisers LP now owns 146,576 shares of the company’s stock valued at $130,000 after acquiring an additional 129,676 shares in the last quarter. Virtu Financial LLC purchased a new stake in Golden Star Resources during the 4th quarter worth $137,000. Bank of New York Mellon Corp purchased a new stake in Golden Star Resources during the 4th quarter worth $204,000. Two Sigma Investments LP purchased a new stake in Golden Star Resources during the 4th quarter worth $205,000. Finally, Hollencrest Capital Management increased its stake in Golden Star Resources by 100.0% during the 4th quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock worth $267,000 after buying an additional 150,000 shares during the period.
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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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