Shares of Golden Star Resources Ltd. (NYSE:GSS) have earned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Golden Star Resources’ rating score has declined by 16.5% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a one year consensus price objective of $0.91 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Golden Star Resources an industry rank of 210 out of 265 based on the ratings given to its competitors.
GSS has been the subject of a number of analyst reports. National Bank Financial restated an “outperform” rating on shares of Golden Star Resources in a research note on Monday, June 27th. Zacks Investment Research cut Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, CIBC upgraded Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a research note on Thursday, August 25th.
A number of institutional investors have recently made changes to their positions in the company. 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 worth $2,105,000 after buying an additional 3,255,227 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Golden Star Resources during the second quarter worth approximately $896,000. Acadian Asset Management LLC bought a new position in shares of Golden Star Resources during the second quarter worth approximately $469,000. 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 worth $464,000 after buying an additional 700,000 shares during the last quarter. Finally, Creative Planning increased its position in shares of Golden Star Resources by 64.1% in the third quarter. Creative Planning now owns 392,660 shares of the company’s stock worth $330,000 after buying an additional 153,410 shares during the last quarter.
Golden Star Resources (NYSE:GSS) opened at 0.786 on Friday. The stock’s 50 day moving average price is $0.76 and its 200-day moving average price is $0.71. Golden Star Resources has a 52-week low of $0.14 and a 52-week high of $1.13. The stock’s market capitalization is $222.22 million.
Golden Star Resources (NYSE:GSS) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.08. The company earned $51.46 million during the quarter, compared to analysts’ expectations of $58.35 million. During the same period in the prior year, the business earned ($0.07) EPS. On average, equities analysts expect that Golden Star Resources will post $0.04 EPS for the current fiscal year.
About Golden Star Resources
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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