Golden Star Resources Ltd. (GSS) Downgraded by BidaskClub to “Strong Sell”

BidaskClub cut shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) from a sell rating to a strong sell rating in a report published on Monday morning.

Several other equities research analysts have also weighed in on GSS. ValuEngine lowered shares of Golden Star Resources from a buy rating to a hold rating in a report on Saturday, June 10th. Zacks Investment Research raised shares of Golden Star Resources from a hold rating to a strong-buy rating and set a $0.75 target price on the stock in a report on Monday, August 7th. Finally, Scotiabank set a $1.00 target price on shares of Golden Star Resources and gave the stock a sector perform rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Golden Star Resources presently has an average rating of Buy and a consensus price target of $1.15.

Golden Star Resources (NYSEMKT:GSS) opened at 0.7143 on Monday. The stock has a 50 day moving average of $0.73 and a 200 day moving average of $0.72. The firm’s market capitalization is $268.71 million. Golden Star Resources has a 12-month low of $0.59 and a 12-month high of $1.01.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last posted its earnings results on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The firm had revenue of $77.34 million during the quarter. Equities research analysts anticipate that Golden Star Resources will post $0.06 earnings per share for the current year.

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A number of large investors have recently modified their holdings of GSS. Bank of New York Mellon Corp lifted its position in Golden Star Resources by 18.0% during the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after purchasing an additional 19,121 shares during the period. Zacks Investment Management acquired a new position in Golden Star Resources during the 2nd quarter valued at about $123,000. Sigma Planning Corp lifted its position in Golden Star Resources by 55.9% during the 2nd quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock valued at $139,000 after purchasing an additional 76,683 shares during the period. Goldman Sachs Group Inc. lifted its position in Golden Star Resources by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock valued at $237,000 after purchasing an additional 58,510 shares during the period. Finally, Global X Management Co. LLC lifted its position in Golden Star Resources by 224.2% during the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock valued at $260,000 after purchasing an additional 212,412 shares during the period.

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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