Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other brokerages also recently commented on GSS. Zacks Investment Research downgraded Golden Star Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Golden Star Resources from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Desjardins began coverage on Golden Star Resources in a report on Friday, September 29th. They set a “buy” rating on the stock. Finally, Scotiabank set a $1.00 target price on Golden Star Resources and gave the stock a “sector perform” rating in a report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Golden Star Resources currently has an average rating of “Hold” and an average target price of $1.15.

Shares of Golden Star Resources (GSS) traded up 1.3013% during trading on Friday, hitting $0.7551. The stock had a trading volume of 2,309,661 shares. The stock has a 50 day moving average price of $0.74 and a 200-day moving average price of $0.72. Golden Star Resources has a one year low of $0.59 and a one year high of $1.01. The stock’s market capitalization is $284.06 million.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last issued its quarterly earnings data on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The firm 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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Several large investors have recently made changes to their positions in GSS. Bank of New York Mellon Corp lifted its stake in shares of Golden Star Resources by 18.0% in the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after purchasing an additional 19,121 shares during the period. United Services Automobile Association lifted its stake in shares of Golden Star Resources by 65.2% in 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 purchasing an additional 2,087,826 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Golden Star Resources by 5.4% in the 1st quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock valued at $9,994,000 after purchasing an additional 600,000 shares during the period. Global X Management Co. LLC lifted its stake in shares of Golden Star Resources by 224.2% in the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock valued at $260,000 after purchasing an additional 212,412 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Golden Star Resources in the 1st quarter valued at about $306,000.

Golden Star Resources Company Profile

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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