Golden Star Resources Ltd. (GSS) Receives $5.00 Consensus Target Price from Analysts

Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.00.

Several analysts recently weighed in on GSS shares. HC Wainwright set a $5.00 price objective on Golden Star Resources and gave the company a “buy” rating in a research note on Thursday. National Bank Financial reaffirmed a “buy” rating on shares of Golden Star Resources in a research note on Tuesday, October 30th. Zacks Investment Research raised Golden Star Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Scotiabank raised Golden Star Resources from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 2nd.

Institutional investors have recently bought and sold shares of the business. United Services Automobile Association raised its position in Golden Star Resources by 21.4% in the second quarter. United Services Automobile Association now owns 9,600,000 shares of the company’s stock valued at $6,480,000 after purchasing an additional 1,692,600 shares during the last quarter. AGF Investments Inc. raised its position in Golden Star Resources by 35.1% in the second quarter. AGF Investments Inc. now owns 2,498,900 shares of the company’s stock valued at $1,711,000 after purchasing an additional 648,600 shares during the last quarter. Renaissance Technologies LLC raised its position in Golden Star Resources by 3.3% in the second quarter. Renaissance Technologies LLC now owns 12,259,288 shares of the company’s stock valued at $8,275,000 after purchasing an additional 394,500 shares during the last quarter. Macquarie Group Ltd. raised its position in Golden Star Resources by 28.7% in the second quarter. Macquarie Group Ltd. now owns 1,583,850 shares of the company’s stock valued at $1,069,000 after purchasing an additional 353,021 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Golden Star Resources by 64.0% in the second quarter. Bank of Montreal Can now owns 1,092,689 shares of the company’s stock valued at $738,000 after purchasing an additional 426,584 shares during the last quarter.

Shares of GSS traded down $0.19 during trading hours on Thursday, hitting $3.13. 389,219 shares of the company were exchanged, compared to its average volume of 222,274. Golden Star Resources has a fifty-two week low of $2.80 and a fifty-two week high of $4.60.

Golden Star Resources (NYSEAMERICAN:GSS) last released its earnings results on Wednesday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. The company had revenue of $67.74 million for the quarter.

Golden Star Resources Company Profile

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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Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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