Golden Star Resources (GSS) Rating Reiterated by Desjardins

Golden Star Resources (NYSEAMERICAN:GSS)‘s stock had its “buy” rating reiterated by equities researchers at Desjardins in a research report issued on Monday.

A number of other analysts also recently commented on GSS. Zacks Investment Research upgraded Golden Star Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Scotiabank upgraded Golden Star Resources from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 2nd. HC Wainwright set a $5.00 target price on Golden Star Resources and gave the stock a “buy” rating in a research note on Thursday, August 2nd. National Bank Financial restated a “buy” rating on shares of Golden Star Resources in a research note on Tuesday, October 30th. Finally, BMO Capital Markets set a $7.00 target price on Golden Star Resources and gave the stock a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $5.44.

Shares of GSS opened at $3.10 on Monday. Golden Star Resources has a 52 week low of $2.80 and a 52 week high of $4.60.

Golden Star Resources (NYSEAMERICAN:GSS) last issued its earnings results on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $67.74 million during the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association raised its holdings in Golden Star Resources by 21.4% in the 2nd quarter. United Services Automobile Association now owns 9,600,000 shares of the company’s stock worth $6,480,000 after purchasing an additional 1,692,600 shares during the period. AGF Investments Inc. raised its holdings in Golden Star Resources by 35.1% in the 2nd quarter. AGF Investments Inc. now owns 2,498,900 shares of the company’s stock worth $1,711,000 after purchasing an additional 648,600 shares during the period. Renaissance Technologies LLC raised its holdings in Golden Star Resources by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 12,259,288 shares of the company’s stock worth $8,275,000 after purchasing an additional 394,500 shares during the period. Macquarie Group Ltd. raised its holdings in Golden Star Resources by 28.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,583,850 shares of the company’s stock worth $1,069,000 after purchasing an additional 353,021 shares during the period. Finally, Bank of Montreal Can raised its holdings in Golden Star Resources by 64.0% in the 2nd quarter. Bank of Montreal Can now owns 1,092,689 shares of the company’s stock worth $738,000 after purchasing an additional 426,584 shares during the period.

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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Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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