Golden Star Resources Ltd. (NYSEMKT:GSS) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Golden Star Resources from a “hold” rating to a “strong-buy” rating and set a $0.75 price objective for the company in a research report on Monday. ValuEngine downgraded Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Scotiabank set a $1.00 price objective on Golden Star Resources and gave the stock a “sector perform” rating in a research report on Friday, July 7th. Finally, Clarus Securities restated a “buy” rating on shares of Golden Star Resources in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $1.15.

Golden Star Resources (GSS) traded down 1.1507% during trading on Thursday, reaching $0.7216. The company had a trading volume of 568,053 shares. The company’s market capitalization is $271.46 million. The company has a 50 day moving average price of $0.66 and a 200 day moving average price of $0.76. Golden Star Resources has a 52-week low of $0.59 and a 52-week high of $1.01.

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

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Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Golden Star Resources during the fourth quarter valued at approximately $1,195,000. Creative Planning increased its position in Golden Star Resources by 10.6% in the first quarter. Creative Planning now owns 445,398 shares of the mining company’s stock valued at $377,000 after buying an additional 42,738 shares in the last quarter. OppenheimerFunds Inc. increased its position in Golden Star Resources by 5.4% in the first 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. U S Global Investors Inc increased its position in Golden Star Resources by 15.0% in the first quarter. U S Global Investors Inc now owns 2,300,000 shares of the mining company’s stock valued at $1,948,000 after buying an additional 300,000 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Golden Star Resources by 12.8% in the first quarter. Sigma Planning Corp now owns 137,268 shares of the mining company’s stock valued at $116,000 after buying an additional 15,555 shares in the last quarter.

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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