HC Wainwright set a $1.00 target price on Golden Star Resources (NYSEAMERICAN:GSS) in a research report sent to investors on Friday. The firm currently has a buy rating on the stock.

“We maintain our Buy rating and our $1.00 per share PT. Our valuation is based on a DCF of the Prestea and Wassa mines, utilizing a 9% discount rate for each. We also add cash and deduct debt to reach our overall NAV of $0.98 per share, which we round to the nearest $0.10 for our $1.00 per share PT.”,” the firm’s analyst wrote.

Several other research analysts have also recently issued reports on GSS. Zacks Investment Research cut Golden Star Resources from a hold rating to a sell rating in a report on Wednesday, July 4th. Scotiabank raised Golden Star Resources from a sector perform rating to an outperform rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $0.98.

GSS opened at $0.78 on Friday. Golden Star Resources has a 1-year low of $0.56 and a 1-year high of $0.92.

Golden Star Resources (NYSEAMERICAN:GSS) last released its earnings results on Wednesday, August 1st. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $77.12 million during the quarter. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.

A number of large investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its stake in Golden Star Resources by 28.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,583,850 shares of the company’s stock valued at $1,069,000 after purchasing an additional 353,021 shares during the period. Van ECK Associates Corp raised its stake in Golden Star Resources by 4.0% during the 2nd quarter. Van ECK Associates Corp now owns 29,391,024 shares of the company’s stock valued at $19,839,000 after purchasing an additional 1,134,333 shares during the period. Renaissance Technologies LLC raised its stake in Golden Star Resources by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 12,259,288 shares of the company’s stock valued at $8,275,000 after purchasing an additional 394,500 shares during the period. United Services Automobile Association raised its stake in Golden Star Resources by 21.4% during the 2nd quarter. United Services Automobile Association now owns 9,600,000 shares of the company’s stock valued at $6,480,000 after purchasing an additional 1,692,600 shares during the period. Finally, AGF Investments Inc. raised its stake in Golden Star Resources by 35.1% during the 2nd quarter. AGF Investments Inc. now owns 2,498,900 shares of the company’s stock valued at $1,711,000 after purchasing an additional 648,600 shares during the period.

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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Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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