National Bank Financial Cuts Golden Star Resources (TSE:GSC) Price Target to C$5.00

Golden Star Resources (TSE:GSC) (NYSE:GSS) had its target price trimmed by National Bank Financial from C$8.00 to C$5.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Beacon Securities cut Golden Star Resources from a buy rating to a hold rating in a research report on Thursday, August 1st.

Shares of TSE GSC opened at C$3.72 on Monday. Golden Star Resources has a one year low of C$3.24 and a one year high of C$6.48. The company has a debt-to-equity ratio of 316.59, a current ratio of 0.86 and a quick ratio of 0.54. The business’s fifty day moving average price is C$4.96 and its 200-day moving average price is C$5.12. The stock has a market capitalization of $458.40 million and a PE ratio of -15.97.

About Golden Star Resources

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 the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

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