Shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) have received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $1.15.

GSS has been the subject of several analyst reports. Scotiabank set a $1.00 price objective on Golden Star Resources and gave the stock a “sector perform” rating in a research note on Friday, July 7th. ValuEngine lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub lowered Golden Star Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, September 18th.

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A number of institutional investors have recently modified their holdings of the stock. Creative Planning boosted its holdings in Golden Star Resources by 1.4% in the 2nd quarter. Creative Planning now owns 451,648 shares of the mining company’s stock worth $294,000 after buying an additional 6,250 shares during the period. Bank of New York Mellon Corp boosted its holdings in Golden Star Resources by 18.0% in the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after buying an additional 19,121 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Golden Star Resources by 26.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock worth $237,000 after buying an additional 58,510 shares during the period. Sigma Planning Corp boosted its holdings in Golden Star Resources by 55.9% in the 2nd quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock worth $139,000 after buying an additional 76,683 shares during the period. Finally, Zacks Investment Management bought a new position in Golden Star Resources in the 2nd quarter worth $123,000.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last announced its earnings results on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The company had revenue of $77.34 million for the quarter.

About Golden Star Resources

Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).

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