Golden Star Resources Ltd. (GSS) Short Interest Update
Golden Star Resources Ltd. (NYSE:GSS) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 8,060,356 shares, an increase of 1.4% from the September 15th total of 7,947,330 shares. Based on an average daily trading volume, of 2,103,566 shares, the short-interest ratio is presently 3.8 days. Currently, 2.5% of the shares of the company are sold short.
Several hedge funds and other institutional investors have recently bought and sold shares of GSS. Creative Planning increased its position in Golden Star Resources by 64.1% in the third quarter. Creative Planning now owns 392,660 shares of the company’s stock valued at $330,000 after buying an additional 153,410 shares during the last quarter. Peak Asset Management LLC boosted its stake 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 worth $464,000 after buying an additional 700,000 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Golden Star Resources during the second quarter worth $469,000. Hillsdale Investment Management Inc. acquired a new stake in Golden Star Resources during the second quarter worth $896,000. Finally, Royal Bank of Canada boosted its stake 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 worth $2,105,000 after buying an additional 3,255,227 shares during the last quarter.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Golden Star Resources from a “hold” rating to a “buy” rating and set a $0.75 price target 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.
Golden Star Resources (NYSE:GSS) opened at 0.785 on Friday. The firm’s market cap is $221.94 million. Golden Star Resources has a 1-year low of $0.14 and a 1-year high of $1.13. The company’s 50 day moving average is $0.76 and its 200-day moving average is $0.70.
Golden Star Resources (NYSE:GSS) last posted its quarterly earnings data on Monday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.08. The firm had revenue of $51.46 million for the quarter, compared to the consensus estimate of $58.35 million. During the same quarter last year, the firm posted ($0.07) EPS. On average, analysts predict that Golden Star Resources will post $0.04 EPS for the current fiscal year.
About Golden Star Resources
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.
Receive News & Ratings for Golden Star Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.