According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “
Other analysts have also issued research reports about the stock. National Bank Financial reiterated an outperform rating on shares of Golden Star Resources in a research report on Monday, June 27th. CIBC upgraded shares of Golden Star Resources from a sector underperform rating to a sector perform rating in a research report on Thursday, August 25th.
Shares of Golden Star Resources (NYSE:GSS) opened at 0.7375 on Wednesday. The firm’s market cap is $208.51 million. The firm’s 50-day moving average is $0.75 and its 200-day moving average is $0.69. Golden Star Resources has a 12-month low of $0.14 and a 12-month high of $1.13.
Golden Star Resources (NYSE:GSS) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The company had revenue of $51.46 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter last year, the company earned ($0.07) EPS. Analysts predict that Golden Star Resources will post $0.04 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Peak Asset Management LLC increased its position in shares of 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 during the last quarter. Acadian Asset Management LLC bought a new position in shares of Golden Star Resources during the second quarter valued at approximately $469,000. Hillsdale Investment Management Inc. bought a new position in shares of Golden Star Resources during the second quarter valued at approximately $896,000. Finally, Royal Bank of Canada increased its position in shares of 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 during 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.
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