Golden Star Resources (GSC) Hits New 1-Year High at $1.00

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.00 and last traded at C$1.00, with a volume of 41300 shares. The stock had previously closed at C$0.98.

Separately, Desjardins cut their target price on shares of Golden Star Resources from C$1.65 to C$1.60 in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Golden Star Resources currently has an average rating of “Buy” and an average target price of C$1.48.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last issued its earnings results on Wednesday, August 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.02). Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%. The firm had revenue of C$99.53 million during the quarter.

In related news, insider Martin Philip Raffield purchased 42,249 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were acquired at an average price of C$0.73 per share, for a total transaction of C$30,841.77. Also, Director Samuel Theodorus Coetzer purchased 43,500 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average price of C$0.93 per share, for a total transaction of C$40,455.00. Insiders bought 141,655 shares of company stock worth $112,626 in the last 90 days.

About Golden Star Resources (TSE:GSC)

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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