Golden Star Resources Ltd. Forecasted to Earn FY2017 Earnings of $0.08 Per Share (GSC)
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) – Clarus Securities boosted their FY2017 earnings estimates for shares of Golden Star Resources in a research report issued to clients and investors on Thursday. Clarus Securities analyst N. Sangmuah now forecasts that the company will post earnings per share of $0.08 for the year, up from their previous forecast of $0.05.
Shares of Golden Star Resources (GSC) opened at 0.89 on Monday. Golden Star Resources has a 1-year low of $0.76 and a 1-year high of $1.33. The stock’s market capitalization is $334.79 million. The stock’s 50 day moving average price is $0.84 and its 200-day moving average price is $1.01.
In related news, Director Samuel Theodorus Coetzer purchased 46,500 shares of Golden Star Resources stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average cost of C$0.86 per share, with a total value of C$39,990.00. Insiders have bought 106,500 shares of company stock valued at $78,990 over the last ninety days.
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 development project, and a carbon-in-leach processing plant located northeast of the town of Tarkwa, Ghana; and Bogoso gold mining and processing operation located near the town of Prestea, Ghana.
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