Golden Star Resources’ (GSS) “Buy” Rating Reaffirmed at Beacon Securities

Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC)‘s stock had its “buy” rating reaffirmed by analysts at Beacon Securities in a report issued on Wednesday.

A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded shares of Golden Star Resources from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Desjardins assumed coverage on shares of Golden Star Resources in a research note on Friday, September 29th. They issued a “buy” rating for the company. Finally, Scotiabank set a $1.00 price target on shares of Golden Star Resources and gave the stock a “sector perform” rating in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Golden Star Resources presently has a consensus rating of “Buy” and an average target price of $1.15.

Golden Star Resources (NYSEMKT:GSS) opened at 0.7878 on Wednesday. Golden Star Resources has a 1-year low of $0.59 and a 1-year high of $1.01. The company’s market cap is $296.36 million. The company’s 50 day moving average is $0.75 and its 200 day moving average is $0.72.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last issued its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $77.34 million during the quarter. Equities research analysts forecast that Golden Star Resources will post $0.08 EPS for the current year.

WARNING: “Golden Star Resources’ (GSS) “Buy” Rating Reaffirmed at Beacon Securities” was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/10/13/golden-star-resources-gss-buy-rating-reaffirmed-at-beacon-securities.html.

Several large investors have recently modified their holdings of GSS. United Services Automobile Association lifted its position in shares of Golden Star Resources by 65.2% during the 1st quarter. United Services Automobile Association now owns 5,287,826 shares of the mining company’s stock worth $4,479,000 after buying an additional 2,087,826 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Golden Star Resources by 10.4% during the 2nd quarter. Franklin Resources Inc. now owns 21,641,667 shares of the mining company’s stock worth $14,069,000 after buying an additional 2,035,000 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Golden Star Resources by 642.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,079,046 shares of the mining company’s stock worth $1,352,000 after buying an additional 1,799,086 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Golden Star Resources by 337.5% during the 2nd quarter. GSA Capital Partners LLP now owns 2,115,900 shares of the mining company’s stock worth $1,376,000 after buying an additional 1,632,300 shares during the last quarter. Finally, AGF Investments Inc. purchased a new stake in shares of Golden Star Resources during the 2nd quarter worth approximately $966,000.

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).

Analyst Recommendations for Golden Star Resources (NYSEMKT:GSS)

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

Latest News

Leave a Reply