Insider Buying: Golden Star Resources (GSC) Insider Acquires C$34,000.00 in Stock

Golden Star Resources (TSE:GSC) (NYSE:GSS) insider Karen Denise Walsh bought 50,000 shares of the stock in a transaction on Monday, April 16th. The shares were bought at an average cost of C$0.68 per share, with a total value of C$34,000.00.

Karen Denise Walsh also recently made the following trade(s):

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  • On Monday, January 22nd, Karen Denise Walsh bought 15,000 shares of Golden Star Resources stock. The shares were bought at an average cost of C$0.82 per share, with a total value of C$12,300.00.

Shares of GSC stock opened at C$0.90 on Thursday. Golden Star Resources has a 1-year low of C$0.70 and a 1-year high of C$1.17.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.05. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%. The company had revenue of C$103.95 million during the quarter.

Several brokerages have weighed in on GSC. BMO Capital Markets lowered their target price on shares of Golden Star Resources from C$1.50 to C$1.25 in a research note on Friday, January 12th. National Bank Financial reaffirmed an “outperform market weight” rating and set a C$1.60 target price on shares of Golden Star Resources in a research note on Monday, January 29th. Finally, Desjardins increased their target price on shares of Golden Star Resources from C$1.40 to C$1.65 in a research note on Friday, April 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$1.49.

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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.

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