Golden Star Resources (GSC) Sets New 12-Month Low at $0.87

Golden Star Resources (TSE:GSC) (NYSE:GSS) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.87 and last traded at C$0.87, with a volume of 106498 shares trading hands. The stock had previously closed at C$0.87.

A number of equities research analysts have recently issued reports on the stock. Desjardins boosted their price objective on shares of Golden Star Resources from C$1.40 to C$1.65 in a research report on Friday, April 13th. BMO Capital Markets raised shares of Golden Star Resources from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$1.25 to C$1.50 in a research report on Monday, April 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$1.49.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.06). The company had revenue of C$89.52 million during the quarter. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.

In other Golden Star Resources news, insider Karen Denise Walsh bought 50,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were purchased at an average cost of C$0.68 per share, for a total transaction of C$34,000.00. Also, Director Timothy Clive Baker bought 56,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were acquired at an average price of C$0.89 per share, for a total transaction of C$49,840.00.

Golden Star Resources Company Profile

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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