Golden Star Resources Ltd. (NYSEAMERICAN:GSS) – Investment analysts at National Bank Financial reduced their FY2018 earnings per share estimates for shares of Golden Star Resources in a note issued to investors on Wednesday, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.13 per share for the year, down from their prior estimate of $0.14. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Golden Star Resources’ FY2021 earnings at $0.12 EPS.
GSS has been the topic of a number of other reports. Zacks Investment Research cut Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. HC Wainwright set a $1.00 price target on Golden Star Resources and gave the stock a “buy” rating in a research note on Thursday, February 15th. Credit Suisse Group raised Golden Star Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, January 26th. Finally, Scotiabank set a $0.95 price target on Golden Star Resources and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $0.98.
Shares of Golden Star Resources (NYSEAMERICAN GSS) remained flat at $$0.65 during midday trading on Monday. 297,474 shares of the stock traded hands, compared to its average volume of 1,292,250. The company has a market capitalization of $362.27, a PE ratio of 6.50 and a beta of -0.59. Golden Star Resources has a 52-week low of $0.59 and a 52-week high of $0.93.
Institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP increased its stake in shares of Golden Star Resources by 767.3% during the fourth quarter. Two Sigma Advisers LP now owns 146,576 shares of the company’s stock valued at $130,000 after buying an additional 129,676 shares during the period. Virtu Financial LLC purchased a new position in shares of Golden Star Resources during the fourth quarter valued at approximately $137,000. Bank of New York Mellon Corp purchased a new position in shares of Golden Star Resources during the fourth quarter valued at approximately $204,000. Two Sigma Investments LP purchased a new position in shares of Golden Star Resources during the fourth quarter valued at approximately $205,000. Finally, Hollencrest Capital Management increased its stake in shares of Golden Star Resources by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after buying an additional 150,000 shares during the period.
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Golden Star Resources Company Profile
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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