Golden Star Resources Ltd. (NYSE:GSS) has received an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Golden Star Resources’ rating score has declined by 16.5% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $0.93 for the company, according to Zacks. Zacks has also assigned Golden Star Resources an industry rank of 100 out of 265 based on the ratings given to related companies.

Several analysts have recently issued reports on GSS shares. Zacks Investment Research raised Golden Star Resources from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Monday, July 11th. National Bank Financial reaffirmed an “outperform” rating on shares of Golden Star Resources in a report on Monday, June 27th. Finally, CIBC raised Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a report on Thursday, August 25th.

Shares of Golden Star Resources (NYSE:GSS) traded up 1.9578% during mid-day trading on Tuesday, reaching $0.7239. The company had a trading volume of 333,677 shares. The firm has a 50-day moving average price of $0.74 and a 200-day moving average price of $0.66. Golden Star Resources has a 1-year low of $0.14 and a 1-year high of $1.13. The stock’s market capitalization is $204.67 million.

Golden Star Resources (NYSE:GSS) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.08. The company earned $51.46 million during the quarter, compared to the consensus estimate of $58.35 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities analysts expect that Golden Star Resources will post $0.05 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Peak Asset Management LLC increased its position in Golden Star Resources by 3,500.0% in the second quarter. Peak Asset Management LLC now owns 720,000 shares of the company’s stock valued at $464,000 after buying an additional 700,000 shares in the last quarter. Acadian Asset Management LLC bought a new position in Golden Star Resources during the second quarter valued at $469,000. Hillsdale Investment Management Inc. bought a new position in Golden Star Resources during the second quarter valued at $896,000. Finally, Royal Bank of Canada increased its position in Golden Star Resources by 40,074.2% in the second quarter. Royal Bank of Canada now owns 3,263,350 shares of the company’s stock valued at $2,105,000 after buying an additional 3,255,227 shares in the last quarter.

Golden Star Resources Company Profile

Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea and Other. The Company holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. The Company is pursuing brownfield development projects at its Wassa and Prestea mines. The Company holds interests in gold exploration projects in Ghana and other parts of West Africa.

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