Golden Star Resources (NYSEAMERICAN:GSS) Sees Large Volume Increase

Golden Star Resources Ltd. (NYSEAMERICAN:GSS) shares saw unusually-strong trading volume on Tuesday . Approximately 34,606 shares traded hands during mid-day trading, a decline of 90% from the previous session’s volume of 351,778 shares.The stock last traded at $4.79 and had previously closed at $4.76.

Several equities analysts have issued reports on GSS shares. HC Wainwright reaffirmed a “buy” rating on shares of Zomedica Pharmaceuticals in a report on Wednesday, June 5th. National Bank Financial downgraded shares of Golden Star Resources from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Golden Star Resources currently has an average rating of “Buy” and an average price target of $5.08.

Golden Star Resources (NYSEAMERICAN:GSS) last posted its earnings results on Wednesday, May 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $67.26 million during the quarter.

Several large investors have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in Golden Star Resources in the 4th quarter valued at $37,000. Paloma Partners Management Co acquired a new stake in Golden Star Resources in the 4th quarter valued at about $52,000. Sigma Planning Corp acquired a new stake in Golden Star Resources in the 1st quarter valued at about $88,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Golden Star Resources during the 4th quarter worth approximately $173,000. Finally, Bank of America Corp DE grew its position in shares of Golden Star Resources by 1,688.3% during the 4th quarter. Bank of America Corp DE now owns 55,884 shares of the company’s stock worth $176,000 after buying an additional 52,759 shares during the period.

About Golden Star Resources (NYSEAMERICAN:GSS)

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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