Insider Buying: Golden Star Resources (GSC) Insider Purchases 50,000 Shares of Stock

Golden Star Resources (TSE:GSC) (NYSE:GSS) insider Karen Denise Walsh acquired 50,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were bought at an average price of C$0.68 per share, for a total transaction of C$34,000.00.

Karen Denise Walsh also recently made the following trade(s):

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  • On Monday, January 22nd, Karen Denise Walsh acquired 15,000 shares of Golden Star Resources stock. The shares were bought at an average price of C$0.82 per share, for a total transaction of C$12,300.00.

Shares of Golden Star Resources stock opened at C$0.83 on Tuesday. Golden Star Resources has a 12-month low of C$0.70 and a 12-month high of C$1.17.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%. The company had revenue of C$103.95 million for the quarter.

A number of equities research analysts have recently issued reports on GSC shares. BMO Capital Markets dropped their price objective on Golden Star Resources from C$1.50 to C$1.25 in a research note on Friday, January 12th. National Bank Financial set a C$1.60 price objective on Golden Star Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Desjardins dropped their price objective on Golden Star Resources from C$1.75 to C$1.40 in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$1.49.

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About Golden Star Resources

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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