Golden Star Resources Ltd. (NYSEAMERICAN:GSS) Given Consensus Rating of “Buy” by Analysts
Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.80.
A number of equities research analysts have recently issued reports on GSS shares. Beacon Securities cut Golden Star Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut Golden Star Resources from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, HC Wainwright restated a “buy” rating and set a $3.80 price objective on shares of Golden Star Resources in a report on Friday, August 2nd.
Shares of NYSEAMERICAN:GSS traded down $0.13 during trading on Friday, reaching $3.20. 965,599 shares of the stock were exchanged, compared to its average volume of 496,672. Golden Star Resources has a 12 month low of $2.43 and a 12 month high of $4.97.
Several hedge funds have recently modified their holdings of GSS. Millennium Management LLC bought a new stake in shares of Golden Star Resources in the fourth quarter valued at approximately $37,000. Sigma Planning Corp acquired a new position in shares of Golden Star Resources during the first quarter worth $88,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Golden Star Resources during the second quarter worth $114,000. BNP Paribas Arbitrage SA acquired a new position in shares of Golden Star Resources during the second quarter worth $149,000. Finally, Bank of America Corp DE increased its holdings in shares of Golden Star Resources by 1,688.3% during the fourth quarter. Bank of America Corp DE now owns 55,884 shares of the company’s stock worth $176,000 after buying an additional 52,759 shares in the last quarter.
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.
Further Reading: Intrinsic Value and Stock Selection
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