Golden Star Resources (NYSEAMERICAN:GSS) Trading Down 5.8%

Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) were down 5.8% on Monday . The company traded as low as $2.89 and last traded at $2.91, approximately 719,023 shares were traded during mid-day trading. An increase of 35% from the average daily volume of 534,006 shares. The stock had previously closed at $3.09.

Several equities analysts have recently issued reports on GSS shares. Zacks Investment Research upgraded Golden Star Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Desjardins downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Beacon Securities lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. HC Wainwright reissued a “buy” rating and set a $3.80 price objective on shares of Golden Star Resources in a research note on Friday, August 2nd. Finally, TheStreet cut shares of Golden Star Resources from a “c-” rating to a “d+” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Golden Star Resources has a consensus rating of “Hold” and a consensus target price of $5.18.

Golden Star Resources (NYSEAMERICAN:GSS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $61.92 million for the quarter.

Large investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its stake in Golden Star Resources by 8.6% in the 2nd quarter. Alps Advisors Inc. now owns 207,143 shares of the company’s stock valued at $835,000 after acquiring an additional 16,463 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Golden Star Resources during the 2nd quarter worth approximately $435,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Golden Star Resources in the second quarter valued at approximately $114,000. Millennium Management LLC acquired a new stake in shares of Golden Star Resources in the fourth quarter valued at approximately $37,000. Finally, First Allied Advisory Services Inc. raised its holdings in shares of Golden Star Resources by 134.3% in the first quarter. First Allied Advisory Services Inc. now owns 75,900 shares of the company’s stock valued at $303,000 after purchasing an additional 43,500 shares during the last quarter.

Golden Star Resources Company Profile (NYSEAMERICAN:GSS)

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

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