Scotiabank set a $0.95 price target on Golden Star Resources (NYSEAMERICAN:GSS) in a research report report published on Friday. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also commented on GSS. National Bank Financial initiated coverage on shares of Golden Star Resources in a research report on Tuesday, January 30th. They set an outperform rating for the company. Zacks Investment Research lowered shares of Golden Star Resources from a hold rating to a sell rating in a research report on Tuesday, January 30th. TheStreet upgraded shares of Golden Star Resources from a d rating to a c rating in a research report on Wednesday, March 28th. HC Wainwright set a $1.00 price target on shares of Golden Star Resources and gave the stock a buy rating in a research report on Wednesday, March 28th. Finally, Credit Suisse Group upgraded shares of Golden Star Resources from an underperform rating to a neutral rating in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Golden Star Resources presently has a consensus rating of Buy and an average price target of $0.98.

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Shares of NYSEAMERICAN:GSS opened at $0.66 on Friday. Golden Star Resources has a 1-year low of $0.56 and a 1-year high of $0.92.

Golden Star Resources (NYSEAMERICAN:GSS) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $81.85 million during the quarter. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in Golden Star Resources by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 10,999,088 shares of the company’s stock valued at $9,789,000 after buying an additional 1,030,400 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Golden Star Resources in the 4th quarter valued at about $4,922,000. Alps Advisors Inc. grew its position in Golden Star Resources by 163.7% in the 4th quarter. Alps Advisors Inc. now owns 2,284,295 shares of the company’s stock valued at $2,033,000 after buying an additional 1,417,971 shares in the last quarter. James Investment Research Inc. bought a new position in Golden Star Resources in the 4th quarter valued at about $1,218,000. Finally, Macquarie Group Ltd. grew its position in Golden Star Resources by 55.3% in the 4th quarter. Macquarie Group Ltd. now owns 753,629 shares of the company’s stock valued at $671,000 after buying an additional 268,500 shares in the last quarter.

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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 Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.

Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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