Golden Star Resources Ltd. (NYSE:GSS) has been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Golden Star Resources’ rating score has declined by 16.5% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus price objective of $0.91 for the company, according to Zacks. Zacks has also assigned Golden Star Resources an industry rank of 177 out of 265 based on the ratings given to its competitors.
GSS has been the topic of a number of research analyst reports. CIBC raised shares of Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Golden Star Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Golden Star Resources in a research report on Monday, June 27th.
Golden Star Resources (NYSE:GSS) traded down 2.3567% during midday trading on Friday, reaching $0.7665. 454,541 shares of the company traded hands. The stock’s market capitalization is $216.71 million. Golden Star Resources has a 12 month low of $0.14 and a 12 month high of $1.13. The firm has a 50 day moving average of $0.76 and a 200-day moving average of $0.70.
Golden Star Resources (NYSE:GSS) last announced its quarterly earnings data on Monday, July 25th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.08. The company had revenue of $51.46 million for the quarter, compared to analysts’ expectations of $58.35 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Analysts forecast that Golden Star Resources will post $0.04 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in Golden Star Resources by 64.1% in the third quarter. Creative Planning now owns 392,660 shares of the company’s stock valued at $330,000 after buying an additional 153,410 shares in the last quarter. Peak Asset Management LLC increased its stake in Golden Star Resources by 3,500.0% in the second quarter. Peak Asset Management LLC now owns 720,000 shares of the company’s stock valued at $464,000 after buying an additional 700,000 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Golden Star Resources during the second quarter valued at approximately $469,000. Hillsdale Investment Management Inc. acquired a new stake in Golden Star Resources during the second quarter valued at approximately $896,000. Finally, Royal Bank of Canada increased its stake in Golden Star Resources by 40,074.2% in the second quarter. Royal Bank of Canada now owns 3,263,350 shares of the company’s stock valued at $2,105,000 after buying an additional 3,255,227 shares in the last quarter.
Golden Star Resources Company Profile
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea and Other. The Company holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. The Company is pursuing brownfield development projects at its Wassa and Prestea mines. The Company holds interests in gold exploration projects in Ghana and other parts of West Africa.