Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.40.
GSS has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and issued a $4.40 target price on shares of Golden Star Resources in a report on Thursday, February 21st. Zacks Investment Research raised Golden Star Resources from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, National Bank Financial lowered Golden Star Resources from an “outperform” rating to a “sector perform” rating in a report on Thursday, March 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Golden Star Resources during the fourth quarter worth about $32,000. Millennium Management LLC acquired a new stake in shares of Golden Star Resources during the fourth quarter worth about $37,000. Paloma Partners Management Co acquired a new stake in shares of Golden Star Resources during the fourth quarter worth about $52,000. Sigma Planning Corp acquired a new stake in shares of Golden Star Resources during the first quarter worth about $88,000. Finally, Alps Advisors Inc. boosted its stake in shares of Golden Star Resources by 16.4% during the first quarter. Alps Advisors Inc. now owns 190,680 shares of the company’s stock worth $757,000 after buying an additional 26,861 shares during the period.
Golden Star Resources (NYSEAMERICAN:GSS) last posted its earnings results on Wednesday, May 1st. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $67.26 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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