Golden Star Resources Ltd. (GSC) Expected to Earn FY2018 Earnings of $0.26 Per Share

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) – Research analysts at Desjardins cut their FY2018 earnings per share estimates for shares of Golden Star Resources in a research report issued to clients and investors on Thursday. Desjardins analyst R. Ray now expects that the company will post earnings of $0.26 per share for the year, down from their previous forecast of $0.29. Desjardins has a “Buy” rating and a $1.75 price target on the stock. Desjardins also issued estimates for Golden Star Resources’ FY2019 earnings at $0.41 EPS and FY2020 earnings at $0.37 EPS.

Several other equities research analysts have also recently issued reports on the stock. Beacon Securities restated a “buy” rating on shares of Golden Star Resources in a report on Wednesday, October 11th. Scotiabank restated a “sector perform” rating and issued a C$1.25 target price on shares of Golden Star Resources in a report on Sunday, September 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Golden Star Resources has an average rating of “Buy” and a consensus price target of C$1.46.

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Golden Star Resources (TSE:GSC) traded up C$0.01 during trading hours on Monday, hitting C$1.02. The company had a trading volume of 1,055,100 shares, compared to its average volume of 140,683. Golden Star Resources has a fifty-two week low of C$0.76 and a fifty-two week high of C$1.33.

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).

Earnings History and Estimates for Golden Star Resources (TSE:GSC)

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