Golden Star Resources Ltd. (NYSEAMERICAN:GSS) – Investment analysts at Clarus Securities cut their FY2018 EPS estimates for shares of Golden Star Resources in a report issued on Wednesday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.12.
Other analysts have also issued research reports about the stock. HC Wainwright set a $1.00 price objective on shares of Golden Star Resources and gave the stock a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research cut shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Credit Suisse Group raised shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, January 26th. National Bank Financial assumed coverage on shares of Golden Star Resources in a research report on Tuesday, January 30th. They set an “outperform” rating on the stock. Finally, Scotiabank set a $0.95 price objective on shares of Golden Star Resources and gave the company a “sector perform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $0.98.
Golden Star Resources (NYSEAMERICAN GSS) remained flat at $$0.72 during midday trading on Thursday. The company had a trading volume of 197,227 shares, compared to its average volume of 1,447,070. The company has a market cap of $388.13, a price-to-earnings ratio of 10.29 and a beta of -0.80. Golden Star Resources has a 1 year low of $0.59 and a 1 year high of $1.00.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in Golden Star Resources by 15.7% in the 4th quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after acquiring an additional 70,000 shares in the last quarter. Hollencrest Capital Management lifted its position in Golden Star Resources by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after acquiring an additional 150,000 shares in the last quarter. Alps Advisors Inc. lifted its position in Golden Star Resources by 163.7% in the 4th quarter. Alps Advisors Inc. now owns 2,284,295 shares of the company’s stock valued at $2,033,000 after acquiring an additional 1,417,971 shares in the last quarter. James Investment Research Inc. bought a new stake in Golden Star Resources in the 4th quarter valued at $1,218,000. Finally, Picton Mahoney Asset Management bought a new stake in Golden Star Resources in the 4th quarter valued at $4,922,000.
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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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