Golden Star Resources Ltd. (NYSEAMERICAN:GSS) has been given a consensus rating of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.00.
A number of analysts recently commented on the company. HC Wainwright set a $4.00 price target on Golden Star Resources and gave the stock a “buy” rating in a research note on Wednesday, June 5th. National Bank Financial lowered Golden Star Resources from an “outperform” rating to a “sector perform” rating in a research note on Thursday, March 28th.
A number of hedge funds have recently made changes to their positions in GSS. Morgan Stanley increased its holdings in shares of Golden Star Resources by 254.4% during the third quarter. Morgan Stanley now owns 3,357,739 shares of the company’s stock valued at $2,435,000 after acquiring an additional 2,410,368 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Golden Star Resources by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,653,896 shares of the company’s stock worth $10,536,000 after buying an additional 45,000 shares in the last quarter. Wellington Management Group LLP bought a new stake in Golden Star Resources in the 1st quarter worth about $2,373,000. Tocqueville Asset Management L.P. bought a new stake in Golden Star Resources in the 1st quarter worth about $1,100,000. Finally, Alps Advisors Inc. increased its holdings in Golden Star Resources by 16.4% in the 1st quarter. Alps Advisors Inc. now owns 190,680 shares of the company’s stock worth $757,000 after buying an additional 26,861 shares in the last quarter.
Golden Star Resources (NYSEAMERICAN:GSS) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $67.26 million during the quarter.
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 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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