Golden Star Resources (TSE:GSC) Shares Cross Above 200 Day Moving Average of $3.73

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.73 and traded as high as C$4.85. Golden Star Resources shares last traded at C$4.84, with a volume of 50,670 shares changing hands.

A number of research firms have commented on GSC. BMO Capital Markets cut shares of Golden Star Resources from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$4.50 to C$4.85 in a research report on Tuesday, November 2nd. National Bankshares cut shares of Golden Star Resources from an “outperform” rating to a “tender” rating and reduced their price target for the stock from C$5.00 to C$4.85 in a research report on Tuesday, November 2nd. National Bank Financial cut shares of Golden Star Resources from an “outperform” rating to a “tender” rating and reduced their price target for the stock from C$5.00 to C$4.85 in a research report on Tuesday, November 2nd. cut shares of Golden Star Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from C$4.50 to C$4.85 in a research report on Wednesday, November 3rd. Finally, CIBC reissued a “neutral” rating and set a C$5.50 price target on shares of Golden Star Resources in a research report on Wednesday, October 27th. Three equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$4.96.

The company’s fifty day moving average is C$4.76 and its two-hundred day moving average is C$3.73. The stock has a market cap of C$560.11 million and a price-to-earnings ratio of -45.66. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 370.50.

About Golden Star Resources (TSE:GSC)

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 the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

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