Golden Star Resources (GSC) Stock Price Down 7.4%
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) dropped 7.4% during trading on Friday . The company traded as low as C$0.88 and last traded at C$0.88. Approximately 183,880 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 235,628 shares. The stock had previously closed at C$0.95.
GSC has been the topic of a number of recent analyst reports. Scotiabank reissued a “sector perform” rating and issued a C$1.20 price objective on shares of Golden Star Resources in a research report on Tuesday, November 14th. BMO Capital Markets dropped their price objective on shares of Golden Star Resources from C$1.50 to C$1.25 in a research report on Friday, January 12th. National Bank Financial set a C$1.60 target price on shares of Golden Star Resources and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Golden Star Resources in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Golden Star Resources currently has an average rating of “Buy” and an average target price of C$1.36.
The company has a market capitalization of $458.84, a PE ratio of 10.88 and a beta of -1.26.
About Golden Star Resources
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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