Golden Star Resources Ltd. (NYSE:GSS) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 7,947,330 shares, a growth of 36.0% from the August 31st total of 5,844,961 shares. Based on an average trading volume of 1,657,765 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.4% of the company’s shares are sold short.
Golden Star Resources (NYSE:GSS) opened at 0.843 on Thursday. The company’s 50-day moving average is $0.75 and its 200-day moving average is $0.67. Golden Star Resources has a 12 month low of $0.14 and a 12 month high of $1.13. The stock’s market capitalization is $238.34 million.
Golden Star Resources (NYSE:GSS) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.08. The business earned $51.46 million during the quarter, compared to analysts’ expectations of $58.35 million. During the same quarter last year, the firm earned ($0.07) EPS. Equities analysts anticipate that Golden Star Resources will post $0.05 earnings per share for the current year.
GSS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. National Bank Financial reaffirmed an “outperform” rating on shares of Golden Star Resources in a research report on Monday, June 27th. Finally, CIBC raised shares of Golden Star Resources from a “sector underperform” rating to a “sector perform” rating in a research report on Thursday, August 25th.
Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in 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 worth $2,105,000 after buying an additional 3,255,227 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Golden Star Resources during the second quarter worth $896,000. Acadian Asset Management LLC purchased a new position in shares of Golden Star Resources during the second quarter worth $469,000. Finally, Peak Asset Management LLC raised its position 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 worth $464,000 after buying an additional 700,000 shares during the last quarter.
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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