Analysts Expect Golden Star Resources, Ltd (NASDAQ:GSS) Will Announce Earnings of $0.04 Per Share

Wall Street brokerages expect Golden Star Resources, Ltd (NASDAQ:GSS) to post earnings of $0.04 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Golden Star Resources’ earnings. Golden Star Resources reported earnings of $0.01 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 300%. The firm is scheduled to report its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Golden Star Resources will report full year earnings of $0.03 per share for the current year, with EPS estimates ranging from ($0.13) to $0.21. For the next financial year, analysts anticipate that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.24 to $0.45. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Golden Star Resources.

Golden Star Resources (NASDAQ:GSS) last issued its earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $61.92 million during the quarter.

Several analysts have recently commented on GSS shares. Desjardins lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. BidaskClub lowered shares of Golden Star Resources from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, Beacon Securities lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

Shares of Golden Star Resources stock traded down $0.03 on Friday, hitting $3.09. 669,528 shares of the company were exchanged, compared to its average volume of 533,757. The stock’s 50-day moving average is $3.21. Golden Star Resources has a 1-year low of $2.43 and a 1-year high of $4.97.

About Golden Star Resources

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 the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

Read More: Capital gains and your 401(k) or IRA

Get a free copy of the Zacks research report on Golden Star Resources (GSS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.