Renaissance Technologies LLC Buys 1,030,400 Shares of Golden Star Resources (GSS)

Renaissance Technologies LLC raised its stake in shares of Golden Star Resources (NYSEAMERICAN:GSS) by 10.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,999,088 shares of the company’s stock after acquiring an additional 1,030,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Golden Star Resources were worth $9,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Creative Planning grew its position in shares of Golden Star Resources by 15.7% in the fourth quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after purchasing an additional 70,000 shares during the last quarter. Bank of Montreal Can grew its position in shares of Golden Star Resources by 22.5% in the fourth quarter. Bank of Montreal Can now owns 475,200 shares of the company’s stock valued at $423,000 after purchasing an additional 87,200 shares during the last quarter. Hollencrest Capital Management grew its position in shares of Golden Star Resources by 100.0% in the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after purchasing an additional 150,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Golden Star Resources in the fourth quarter valued at about $137,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Golden Star Resources in the fourth quarter valued at about $204,000.

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Several brokerages have recently issued reports 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, March 28th. TheStreet raised Golden Star Resources from a “d” rating to a “c” rating in a research report on Wednesday, March 28th. HC Wainwright set a $1.00 price target on Golden Star Resources and gave the company a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research raised Golden Star Resources from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, National Bank Financial assumed coverage on Golden Star Resources in a research report on Tuesday, January 30th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Golden Star Resources currently has a consensus rating of “Buy” and an average target price of $0.98.

GSS stock opened at $0.58 on Friday. Golden Star Resources has a twelve month low of $0.56 and a twelve month high of $0.92.

Golden Star Resources (NYSEAMERICAN:GSS) last released its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%. The business had revenue of $81.85 million for the quarter.

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Golden Star Resources 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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Institutional Ownership by Quarter for Golden Star Resources (NYSEAMERICAN:GSS)

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