Golden Star Resources Ltd. (NYSEMKT:GSS) has earned an average rating of “Hold” from the six brokerages that are covering the company. Five investment analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $0.30.

GSS has been the subject of a number of research reports. National Bank Financial upgraded Golden Star Resources from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research note on Sunday, June 26th. CIBC upgraded Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a research note on Friday, August 26th.

A hedge fund recently raised its stake in Golden Star Resources stock. Renaissance Technologies LLC raised its position in Golden Star Resources Ltd. (NYSEMKT:GSS) by 36.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,577,296 shares of the mining company’s stock after buying an additional 2,024,998 shares during the period. Renaissance Technologies LLC owned 2.92% of Golden Star Resources worth $3,455,000 as of its most recent filing with the SEC.

Shares of Golden Star Resources (NYSEMKT:GSS) opened at 0.773 on Monday. Golden Star Resources has a 1-year low of $0.14 and a 1-year high of $1.13. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.69. The firm’s market capitalization is $218.55 million.

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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