Golden Star Resources (TSE:GSC) Stock Price Crosses Above 200 Day Moving Average of $5.00

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.00 and traded as high as $4.31. Golden Star Resources shares last traded at $4.06, with a volume of 57,664 shares changing hands.

Several research analysts have commented on the company. Beacon Securities lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. National Bank Financial raised their price objective on Golden Star Resources from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Finally, Desjardins lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 26th.

The firm has a market capitalization of $450.76 million and a PE ratio of -17.55. The company has a debt-to-equity ratio of 316.59, a current ratio of 0.86 and a quick ratio of 0.54. The stock has a 50-day moving average price of C$4.23 and a 200-day moving average price of C$4.99.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.05). The firm had revenue of C$82.82 million during the quarter. As a group, equities research analysts predict that Golden Star Resources Ltd. will post 0.43 earnings per share for the current fiscal year.

Golden Star Resources Company Profile (TSE:GSC)

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 the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

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