Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) have been given an average recommendation of “Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $1.15.

A number of equities research analysts have recently commented on GSS shares. ValuEngine cut shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Golden Star Resources from a “hold” rating to a “strong-buy” rating and set a $0.75 price objective on the stock in a research note on Monday, August 7th. Scotiabank set a $1.00 price objective on shares of Golden Star Resources and gave the stock a “sector perform” rating in a research note on Friday, July 7th. Clarus Securities reaffirmed a “buy” rating on shares of Golden Star Resources in a research note on Thursday, May 4th. Finally, BidaskClub raised shares of Golden Star Resources from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th.

COPYRIGHT VIOLATION NOTICE: “Golden Star Resources Ltd. (GSS) Receives $1.15 Average Target Price from Analysts” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/29/golden-star-resources-ltd-gss-receives-1-15-average-target-price-from-analysts.html.

Several hedge funds have recently modified their holdings of GSS. Bank of New York Mellon Corp increased its position in Golden Star Resources by 18.0% in the first quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after buying an additional 19,121 shares in the last quarter. Sigma Planning Corp increased its position in Golden Star Resources by 12.8% in the first quarter. Sigma Planning Corp now owns 137,268 shares of the mining company’s stock valued at $116,000 after buying an additional 15,555 shares in the last quarter. Zacks Investment Management purchased a new position in Golden Star Resources during the second quarter valued at $123,000. Goldman Sachs Group Inc. increased its position in Golden Star Resources by 26.4% in the first quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock valued at $237,000 after buying an additional 58,510 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Golden Star Resources by 35,747.9% in the second quarter. JPMorgan Chase & Co. now owns 382,139 shares of the mining company’s stock valued at $248,000 after buying an additional 381,073 shares in the last quarter.

Golden Star Resources (NYSEMKT GSS) traded up 7.57% on Friday, reaching $0.76. 3,661,996 shares of the company traded hands. The stock’s 50 day moving average price is $0.68 and its 200 day moving average price is $0.75. The company’s market capitalization is $285.90 million. Golden Star Resources has a one year low of $0.59 and a one year high of $1.01.

Golden Star Resources (NYSEMKT:GSS) last issued its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The business had revenue of $77.34 million during the quarter. On average, equities research analysts predict that Golden Star Resources will post $0.06 EPS for the current fiscal year.

Golden Star Resources Company Profile

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).

Receive News & Stock Ratings for Golden Star Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources Ltd. and related stocks with our FREE daily email newsletter.