Golden Star Resources Ltd. (GSS) Given Consensus Rating of “Buy” by Analysts

Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $1.15.

A number of brokerages have recently commented on GSS. ValuEngine downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of Golden Star Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Scotiabank set a $1.00 price target on shares of Golden Star Resources and gave the stock a “sector perform” rating in a report on Friday, July 7th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GSS. Bank of New York Mellon Corp boosted its position in shares of Golden Star Resources by 18.0% in the first quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after acquiring an additional 19,121 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Golden Star Resources in the second quarter worth approximately $123,000. Sigma Planning Corp boosted its position in shares of Golden Star Resources by 55.9% in the second quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock worth $139,000 after acquiring an additional 76,683 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Golden Star Resources by 26.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock worth $237,000 after acquiring an additional 58,510 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Golden Star Resources by 35,747.9% in the second quarter. JPMorgan Chase & Co. now owns 382,139 shares of the mining company’s stock worth $248,000 after acquiring an additional 381,073 shares during the last quarter.

Golden Star Resources (NYSEMKT GSS) traded down 0.2917% during trading on Wednesday, reaching $0.7179. 684,244 shares of the company were exchanged. The firm’s market capitalization is $270.07 million. The stock has a 50 day moving average price of $0.73 and a 200 day moving average price of $0.72. 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 business had revenue of $77.34 million for the quarter. On average, analysts expect that Golden Star Resources will post $0.06 EPS for the current fiscal year.

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About Golden Star Resources

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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