Golden Star Resources Ltd. (NYSEAMERICAN:GSS) Given Average Rating of “Buy” by Brokerages
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $3.80.
Several research firms have recently commented on GSS. Zacks Investment Research cut Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. HC Wainwright reissued a “buy” rating and issued a $3.80 target price on shares of Golden Star Resources in a research note on Friday, August 2nd. Finally, Beacon Securities cut Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Hedge funds have recently bought and sold shares of the business. Tocqueville Asset Management L.P. bought a new position in Golden Star Resources during the first quarter worth about $1,100,000. Millennium Management LLC acquired a new stake in shares of Golden Star Resources in the 4th quarter valued at about $37,000. First Allied Advisory Services Inc. raised its stake in shares of Golden Star Resources by 134.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 75,900 shares of the company’s stock valued at $303,000 after purchasing an additional 43,500 shares during the period. Sigma Planning Corp acquired a new stake in shares of Golden Star Resources in the 1st quarter valued at about $88,000. Finally, Alps Advisors Inc. raised its stake in shares of Golden Star Resources by 16.4% in the 1st quarter. Alps Advisors Inc. now owns 190,680 shares of the company’s stock valued at $757,000 after purchasing an additional 26,861 shares during the period.
Golden Star Resources (NYSEAMERICAN:GSS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The company had revenue of $61.92 million during the quarter.
Golden Star Resources Company Profile
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.
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