Brokerages Set Golden Star Resources Ltd. (GSS) PT at $1.35

Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) have received an average recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $1.23.

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Golden Star Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Golden Star Resources from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research report on Monday. Beacon Securities reiterated a “buy” rating on shares of Golden Star Resources in a research report on Wednesday, October 11th. Desjardins started coverage on shares of Golden Star Resources in a report on Friday, September 29th. They set a “buy” rating on the stock. Finally, ValuEngine raised shares of Golden Star Resources from a “hold” rating to a “buy” rating in a report on Friday, October 6th.



Several institutional investors have recently added to or reduced their stakes in GSS. Bank of New York Mellon Corp lifted its position in shares of Golden Star Resources by 18.0% during the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after acquiring an additional 19,121 shares during the period. Zacks Investment Management acquired a new position in shares of Golden Star Resources during the 2nd quarter valued at $123,000. Sigma Planning Corp lifted its position in shares of Golden Star Resources by 55.9% during the 2nd quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock valued at $139,000 after acquiring an additional 76,683 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Golden Star Resources by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock valued at $237,000 after acquiring an additional 58,510 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Golden Star Resources by 35,747.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 382,139 shares of the mining company’s stock valued at $248,000 after acquiring an additional 381,073 shares during the period.

Golden Star Resources (NYSEMKT:GSS) traded down 0.46134% during mid-day trading on Friday, hitting $0.76595. 622,774 shares of the stock traded hands. Golden Star Resources has a one year low of $0.59 and a one year high of $1.01. The company has a 50 day moving average price of $0.76 and a 200-day moving average price of $0.71. The stock’s market capitalization is $288.14 million.

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

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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)

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