Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

GSS has been the topic of several other reports. Desjardins initiated coverage on shares of Golden Star Resources in a report on Friday, September 29th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine upgraded shares of Golden Star Resources from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Scotiabank set a $1.00 price target on shares of Golden Star Resources and gave the company a “sector perform” rating in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Golden Star Resources currently has an average rating of “Hold” and an average price target of $1.15.

Shares of Golden Star Resources (NYSEMKT:GSS) opened at 0.7511 on Tuesday. The firm’s market capitalization is $282.56 million. Golden Star Resources has a 52-week low of $0.59 and a 52-week high of $1.01. The firm has a 50-day moving average of $0.75 and a 200 day moving average of $0.72.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last released its quarterly earnings data on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The company had revenue of $77.34 million during the quarter. Analysts predict that Golden Star Resources will post $0.08 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in shares of Golden Star Resources by 1.4% in the second quarter. Creative Planning now owns 451,648 shares of the mining company’s stock valued at $294,000 after acquiring an additional 6,250 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Golden Star Resources by 18.0% during the first quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after buying an additional 19,121 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Golden Star Resources by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock worth $237,000 after buying an additional 58,510 shares in the last quarter. Sigma Planning Corp grew its stake in Golden Star Resources by 55.9% during the second quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock worth $139,000 after buying an additional 76,683 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in Golden Star Resources during the second quarter worth about $123,000.

About Golden Star Resources

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).

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