Golden Star Resources (GSS) Downgraded by Zacks Investment Research to Hold

Golden Star Resources (NYSEAMERICAN:GSS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “

GSS has been the topic of a number of other reports. Scotiabank restated a “sector perform” rating and set a $1.25 price target on shares of Golden Star Resources in a research note on Wednesday, September 20th. HC Wainwright initiated coverage on Golden Star Resources in a research note on Wednesday, November 29th. They set a “buy” rating and a $1.40 price target on the stock. Finally, Desjardins initiated coverage on Golden Star Resources in a research note on Friday, September 29th. They set a “buy” rating on the stock.

Golden Star Resources (GSS) opened at $0.87 on Tuesday. Golden Star Resources has a twelve month low of $0.59 and a twelve month high of $1.01. The company has a market capitalization of $436.30, a P/E ratio of 12.43 and a beta of -0.84.

Golden Star Resources (NYSEAMERICAN:GSS) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.

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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).

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