Golden Star Resources Ltd. (GSS) Short Interest Update
Golden Star Resources Ltd. (NYSE:GSS) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 8,060,356 shares, a growth of 1.4% from the September 15th total of 7,947,330 shares. Based on an average trading volume of 2,103,566 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.5% of the shares of the company are short sold.
Shares of Golden Star Resources (NYSE:GSS) traded up 0.1595% during mid-day trading on Tuesday, hitting $0.7535. 818,179 shares of the stock were exchanged. Golden Star Resources has a 52-week low of $0.14 and a 52-week high of $1.13. The stock has a 50-day moving average price of $0.75 and a 200 day moving average price of $0.69. The firm’s market cap is $213.03 million.
Golden Star Resources (NYSE:GSS) last issued its earnings results on Monday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The business had revenue of $51.46 million for the quarter, compared to the consensus estimate of $58.35 million. During the same quarter last year, the firm posted ($0.07) EPS. On average, equities research analysts expect that Golden Star Resources will post $0.04 earnings per share for the current year.
A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. National Bank Financial reiterated an “outperform” rating on shares of Golden Star Resources in a research note on Monday, June 27th. Finally, CIBC upgraded shares of Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a research note on Thursday, August 25th.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted 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 valued at $2,105,000 after buying an additional 3,255,227 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Golden Star Resources during the second quarter valued at about $896,000. Acadian Asset Management LLC acquired a new position in shares of Golden Star Resources during the second quarter valued at about $469,000. Finally, Peak Asset Management LLC boosted 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 valued at $464,000 after buying an additional 700,000 shares during the last quarter.
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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