Golden Star Resources, Ltd (NASDAQ:GSS) Expected to Announce Earnings of $0.04 Per Share

Equities research analysts expect Golden Star Resources, Ltd (NASDAQ:GSS) to post earnings per share of $0.04 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Golden Star Resources’ earnings. Golden Star Resources posted earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 30th.

On average, analysts expect that Golden Star Resources will report full-year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.21. For the next year, analysts expect that the company will post earnings of $0.38 per share, with EPS estimates ranging from $0.32 to $0.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Golden Star Resources.

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

Several research firms recently weighed in on GSS. Beacon Securities cut Golden Star Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub raised Golden Star Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, October 4th. Finally, Desjardins downgraded Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 26th.

GSS stock traded down $0.05 during mid-day trading on Tuesday, reaching $2.89. The company had a trading volume of 9,483 shares, compared to its average volume of 536,226. The stock has a 50 day simple moving average of $3.06 and a two-hundred day simple moving average of $3.62. Golden Star Resources has a 52 week low of $2.43 and a 52 week high of $4.97.

About Golden Star Resources

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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