Golden Star Resources Ltd. (GSS) Given Consensus Rating of “Buy” by Brokerages
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) has been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1.00.
Several brokerages have recently commented on GSS. Zacks Investment Research lowered Golden Star Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. HC Wainwright set a $1.00 price objective on Golden Star Resources and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Scotiabank upgraded Golden Star Resources from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 2nd.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp lifted its holdings in Golden Star Resources by 41.6% in the 2nd quarter. Sigma Planning Corp now owns 268,617 shares of the company’s stock worth $181,000 after buying an additional 78,924 shares during the period. First Allied Advisory Services Inc. lifted its holdings in Golden Star Resources by 203.5% in the 1st quarter. First Allied Advisory Services Inc. now owns 217,000 shares of the company’s stock worth $130,000 after buying an additional 145,500 shares during the period. Franklin Resources Inc. lifted its holdings in Golden Star Resources by 0.7% in the 1st quarter. Franklin Resources Inc. now owns 22,091,667 shares of the company’s stock worth $12,968,000 after buying an additional 150,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in Golden Star Resources by 20.7% in the 1st quarter. JPMorgan Chase & Co. now owns 910,539 shares of the company’s stock worth $534,000 after buying an additional 156,100 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in Golden Star Resources by 32.7% in the 1st quarter. GSA Capital Partners LLP now owns 1,303,116 shares of the company’s stock worth $765,000 after buying an additional 321,100 shares during the period.
Golden Star Resources (NYSEAMERICAN:GSS) last announced its earnings results on Wednesday, August 1st. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $77.12 million during the quarter. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.
Golden Star Resources Company Profile
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.
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