Golden Star Resources (NYSEAMERICAN:GSS) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Friday, TheStreetRatingsTable reports.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. HC Wainwright reissued a “buy” rating and set a $3.80 target price on shares of Golden Star Resources in a research note on Friday, August 2nd. Finally, Beacon Securities lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $5.18.
Shares of GSS opened at $2.98 on Friday. Golden Star Resources has a 12-month low of $2.43 and a 12-month high of $4.97.
Golden Star Resources (NYSEAMERICAN:GSS) last issued its earnings results on Wednesday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $61.92 million for the quarter.
Several hedge funds have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. increased its stake in shares of Golden Star Resources by 465.4% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,567,400 shares of the company’s stock worth $6,317,000 after acquiring an additional 1,290,200 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Golden Star Resources during the 2nd quarter worth $435,000. Bank of America Corp DE grew its holdings in shares of Golden Star Resources by 1,688.3% during the 4th quarter. Bank of America Corp DE now owns 55,884 shares of the company’s stock worth $176,000 after purchasing an additional 52,759 shares during the period. First Allied Advisory Services Inc. grew its holdings in shares of Golden Star Resources by 134.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 75,900 shares of the company’s stock worth $303,000 after purchasing an additional 43,500 shares during the period. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of Golden Star Resources during the 2nd quarter worth $149,000.
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.
Featured Story: Understanding each part of a balance sheet
Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.