Brokerages Set Golden Star Resources Ltd. (NYSEMKT:GSS) Price Target at $1.35

Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) have received a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $1.15.

Several equities analysts have issued reports on the company. ValuEngine lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Golden Star Resources from a “hold” rating to a “strong-buy” rating and set a $0.75 target price on the stock in a research report on Monday. Scotiabank set a $1.00 price target on Golden Star Resources and gave the stock a “sector perform” rating in a report on Friday, July 7th. Clarus Securities reiterated a “buy” rating on shares of Golden Star Resources in a report on Thursday, May 4th. Finally, BidaskClub upgraded Golden Star Resources from a “strong sell” rating to a “sell” rating in a report on Thursday.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $106,000 after buying an additional 19,121 shares during the period. Sigma Planning Corp boosted its stake in shares of Golden Star Resources by 12.8% in the first quarter. Sigma Planning Corp now owns 137,268 shares of the mining company’s stock worth $116,000 after buying an additional 15,555 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Golden Star Resources during the fourth quarter worth about $165,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 worth $237,000 after buying an additional 58,510 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 worth $248,000 after buying an additional 381,073 shares during the period.

Shares of Golden Star Resources (NYSEMKT GSS) traded down 0.9748% during midday trading on Tuesday, reaching $0.7111. 455,814 shares of the company’s stock were exchanged. The stock’s market cap is $267.51 million. The company’s 50 day moving average is $0.66 and its 200-day moving average is $0.76. Golden Star Resources has a 12 month low of $0.59 and a 12 month high of $1.01.

Golden Star Resources (NYSEMKT:GSS) last released its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The firm had revenue of $77.34 million for the quarter. Equities analysts forecast 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).

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