Golden Star Resources Ltd. (GSS) Given Average Rating of “Buy” by Brokerages

Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $0.98.

A number of analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Golden Star Resources from a “market perform” rating to an “outperform” rating in a report on Monday, April 16th. Scotiabank set a $0.95 price target on shares of Golden Star Resources and gave the stock a “sector perform” rating in a report on Wednesday, March 28th. TheStreet upgraded shares of Golden Star Resources from a “d” rating to a “c” rating in a report on Wednesday, March 28th. Finally, HC Wainwright set a $1.00 target price on shares of Golden Star Resources and gave the company a “buy” rating in a report on Wednesday, March 28th.

Several institutional investors have recently added to or reduced their stakes in GSS. Renaissance Technologies LLC lifted its position in shares of Golden Star Resources by 10.3% during the 4th quarter. Renaissance Technologies LLC now owns 10,999,088 shares of the company’s stock worth $9,789,000 after purchasing an additional 1,030,400 shares during the last quarter. Van ECK Associates Corp lifted its position in Golden Star Resources by 2.1% in the first quarter. Van ECK Associates Corp now owns 28,256,691 shares of the company’s stock valued at $16,587,000 after acquiring an additional 569,814 shares during the last quarter. AGF Investments Inc. lifted its position in Golden Star Resources by 25.6% in the first quarter. AGF Investments Inc. now owns 1,850,300 shares of the company’s stock valued at $1,091,000 after acquiring an additional 377,200 shares during the last quarter. GSA Capital Partners LLP lifted its position in Golden Star Resources by 32.7% in the first quarter. GSA Capital Partners LLP now owns 1,303,116 shares of the company’s stock valued at $765,000 after acquiring an additional 321,100 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Golden Star Resources by 55.3% in the fourth quarter. Macquarie Group Ltd. now owns 753,629 shares of the company’s stock valued at $671,000 after acquiring an additional 268,500 shares during the last quarter.

Shares of NYSEAMERICAN:GSS opened at $0.66 on Friday. Golden Star Resources has a fifty-two week low of $0.56 and a fifty-two week high of $0.92.

Golden Star Resources (NYSEAMERICAN:GSS) last released its earnings results on Wednesday, May 2nd. The company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.02). The business had revenue of $70.82 million during the quarter. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.

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.

Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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