Desjardins initiated coverage on shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) in a report released on Friday morning, MarketBeat reports. The firm issued a buy rating on the mining company’s stock.

GSS has been the subject of several other research reports. BidaskClub upgraded shares of Golden Star Resources from a strong sell rating to a sell rating in a report on Thursday, September 28th. Scotiabank set a $1.00 price target on shares of Golden Star Resources and gave the company a sector perform rating in a research report on Saturday, September 23rd. Zacks Investment Research upgraded shares of Golden Star Resources from a hold rating to a strong-buy rating and set a $0.75 price target on the stock in a report on Monday, August 7th. Finally, ValuEngine downgraded shares of Golden Star Resources from a buy rating to a hold rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $1.15.

Golden Star Resources (NYSEMKT:GSS) opened at 0.7533 on Friday. The firm’s market capitalization is $283.38 million. Golden Star Resources has a 12 month low of $0.59 and a 12 month high of $1.01. The company’s 50-day moving average price is $0.74 and its 200 day moving average price is $0.72.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last announced its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The business had revenue of $77.34 million for the quarter. On average, equities research analysts predict that Golden Star Resources will post $0.07 earnings per share for the current year.

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Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in Golden Star Resources by 18.0% during the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after purchasing an additional 19,121 shares in the last quarter. United Services Automobile Association grew its holdings in Golden Star Resources by 65.2% during the 1st quarter. United Services Automobile Association now owns 5,287,826 shares of the mining company’s stock valued at $4,479,000 after buying an additional 2,087,826 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Golden Star Resources by 5.4% during the 1st quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock valued at $9,994,000 after buying an additional 600,000 shares in the last quarter. Global X Management Co. LLC grew its holdings in Golden Star Resources by 224.2% during the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock valued at $260,000 after buying an additional 212,412 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Golden Star Resources during the 1st quarter valued at about $306,000.

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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