According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “
A number of other research analysts have also weighed in on the stock. CIBC raised shares of Golden Star Resources from a sector underperform rating to a sector perform rating in a research note on Thursday, August 25th. National Bank Financial reaffirmed an outperform rating on shares of Golden Star Resources in a research note on Monday, June 27th.
Shares of Golden Star Resources (NYSE:GSS) opened at 0.7523 on Wednesday. The company’s 50 day moving average is $0.75 and its 200 day moving average is $0.69. Golden Star Resources has a one year low of $0.14 and a one year high of $1.13. The company’s market cap is $212.70 million.
Golden Star Resources (NYSE:GSS) last released its quarterly earnings data on Monday, July 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $51.46 million for the quarter, compared to analysts’ expectations of $58.35 million. During the same quarter last year, the business earned ($0.07) earnings per share. On average, equities analysts predict that Golden Star Resources will post $0.04 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in GSS. Royal Bank of Canada increased its stake in shares of Golden Star Resources by 40,074.2% in the second quarter. Royal Bank of Canada now owns 3,263,350 shares of the company’s stock valued at $2,105,000 after buying an additional 3,255,227 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Golden Star Resources during the second quarter valued at approximately $896,000. Peak Asset Management LLC increased its stake in shares of Golden Star Resources by 3,500.0% in the second quarter. Peak Asset Management LLC now owns 720,000 shares of the company’s stock valued at $464,000 after buying an additional 700,000 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Golden Star Resources during the second quarter valued at approximately $469,000.
Golden Star Resources Company Profile
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea and Other. The Company holds interest in the Wassa and Bogoso/Prestea gold mines in Ghana. The Company is pursuing brownfield development projects at its Wassa and Prestea mines. The Company holds interests in gold exploration projects in Ghana and other parts of West Africa.
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