Golden Star Resources Ltd. (NYSEAMERICAN:GSS) – Stock analysts at Beacon Securities lifted their FY2018 earnings per share (EPS) estimates for shares of Golden Star Resources in a report issued on Thursday. Beacon Securities analyst M. Curran now forecasts that the company will earn $0.14 per share for the year, up from their prior forecast of $0.10.
Several other equities analysts have also recently weighed in on GSS. Scotiabank set a $0.95 price target on Golden Star Resources and gave the company a “sector perform” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. HC Wainwright initiated coverage on Golden Star Resources in a research report on Wednesday, November 29th. They issued a “buy” rating and a $1.40 price target for the company. Credit Suisse Group upgraded Golden Star Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, January 26th. Finally, National Bank Financial started coverage on Golden Star Resources in a research report on Tuesday, January 30th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $0.98.
Large investors have recently bought and sold shares of the stock. Creative Planning boosted its stake in Golden Star Resources by 15.7% during the fourth quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after buying an additional 70,000 shares during the period. Hollencrest Capital Management boosted its stake in Golden Star Resources by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after buying an additional 150,000 shares during the period. Alps Advisors Inc. boosted its stake in Golden Star Resources by 163.7% during the fourth quarter. Alps Advisors Inc. now owns 2,284,295 shares of the company’s stock valued at $2,033,000 after buying an additional 1,417,971 shares during the period. Picton Mahoney Asset Management bought a new stake in Golden Star Resources during the fourth quarter valued at $4,922,000. Finally, James Investment Research Inc. bought a new stake in Golden Star Resources during the fourth quarter valued at $1,218,000.
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About Golden Star Resources
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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