Golden Star Resources Ltd. (NYSEMKT:GSS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday, July 19th.
A number of other equities research analysts have also recently issued reports on GSS. Zacks Investment Research raised shares of Golden Star Resources from a “hold” rating to a “strong-buy” rating and set a $0.75 target price on the stock in a report on Tuesday, April 25th. Clarus Securities restated a “buy” rating on shares of Golden Star Resources in a research report on Thursday, May 4th. Finally, Scotiabank set a $1.00 price target on shares of Golden Star Resources and gave the company a “sector perform” rating in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1.15.
Shares of Golden Star Resources (NYSEMKT GSS) traded up 1.435% during midday trading on Wednesday, reaching $0.721. The company’s stock had a trading volume of 728,655 shares. The stock has a 50 day moving average price of $0.67 and a 200-day moving average price of $0.76. Golden Star Resources has a 52-week low of $0.59 and a 52-week high of $1.01. The company’s market capitalization is $271.23 million.
Golden Star Resources (NYSEMKT:GSS) last announced 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 during the quarter. Equities research analysts expect that Golden Star Resources will post $0.06 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This piece was reported by BBNS and is owned by of BBNS. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://baseballnewssource.com/markets/golden-star-resources-ltd-nysemktgss-downgraded-by-valuengine-updated-updated-updated/1251370.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Golden Star Resources during the fourth quarter valued at approximately $1,195,000. Creative Planning increased its stake in shares of Golden Star Resources by 10.6% in the first quarter. Creative Planning now owns 445,398 shares of the mining company’s stock worth $377,000 after buying an additional 42,738 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Golden Star Resources by 5.4% in the first quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock worth $9,994,000 after buying an additional 600,000 shares in the last quarter. U S Global Investors Inc increased its stake in shares of Golden Star Resources by 15.0% in the first quarter. U S Global Investors Inc now owns 2,300,000 shares of the mining company’s stock worth $1,948,000 after buying an additional 300,000 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Golden Star Resources during the fourth quarter worth approximately $165,000.
Golden Star Resources Company Profile
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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 our FREE daily email newsletter.