Two Sigma Advisers LP decreased its position in Golden Star Resources Ltd. (NYSEAMERICAN:GSS) by 72.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,640 shares of the company’s stock after selling 87,160 shares during the quarter. Two Sigma Advisers LP’s holdings in Golden Star Resources were worth $106,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of GSS. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Golden Star Resources in the fourth quarter valued at approximately $173,000. Virtu Financial LLC bought a new stake in shares of Golden Star Resources in the fourth quarter valued at approximately $32,000. Morgan Stanley boosted its stake in shares of Golden Star Resources by 254.4% in the third quarter. Morgan Stanley now owns 3,357,739 shares of the company’s stock valued at $2,435,000 after buying an additional 2,410,368 shares during the period. Jane Street Group LLC boosted its stake in shares of Golden Star Resources by 34.5% in the third quarter. Jane Street Group LLC now owns 162,256 shares of the company’s stock valued at $118,000 after buying an additional 41,577 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Golden Star Resources by 4.8% during the third quarter. Renaissance Technologies LLC now owns 12,849,065 shares of the company’s stock worth $9,314,000 after purchasing an additional 589,777 shares during the last quarter.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Golden Star Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. HC Wainwright restated a “buy” rating and set a $4.40 target price on shares of Golden Star Resources in a research note on Thursday, February 21st. Finally, National Bank Financial cut Golden Star Resources from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $5.70.
NYSEAMERICAN GSS opened at $4.27 on Monday. Golden Star Resources Ltd. has a fifty-two week low of $2.43 and a fifty-two week high of $4.67.
Golden Star Resources (NYSEAMERICAN:GSS) last released its earnings results on Tuesday, February 19th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $57.34 million during the quarter.
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Golden Star Resources Profile
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.
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