Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$1.00 and last traded at C$1.00, with a volume of 41300 shares changing hands. The stock had previously closed at C$0.98.

Separately, Desjardins lowered their price objective on Golden Star Resources from C$1.65 to C$1.60 in a research report on Tuesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$1.48.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The firm had revenue of C$99.53 million for the quarter. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%.

In related news, Director Samuel Theodorus Coetzer purchased 43,500 shares of the stock in a transaction dated Friday, August 3rd. The stock was purchased at an average price of C$0.93 per share, with a total value of C$40,455.00. Also, insider Martin Philip Raffield purchased 42,249 shares of the stock in a transaction dated Monday, August 6th. The stock was bought at an average cost of C$0.73 per share, with a total value of C$30,841.77. In the last ninety days, insiders bought 141,655 shares of company stock valued at $112,626.

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

Further Reading: Compound Annual Growth Rate (CAGR)

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