Golden Star Resources (GSS) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its stake in shares of Golden Star Resources (NYSEAMERICAN:GSS) by 54.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,560,000 shares of the company’s stock after selling 1,859,300 shares during the period. Intact Investment Management Inc. owned approximately 0.41% of Golden Star Resources worth $1,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP boosted its position in shares of Golden Star Resources by 767.3% in the 4th quarter. Two Sigma Advisers LP now owns 146,576 shares of the company’s stock worth $130,000 after buying an additional 129,676 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Golden Star Resources in the 4th quarter worth about $137,000. Bank of New York Mellon Corp purchased a new stake in shares of Golden Star Resources in the 4th quarter worth about $204,000. Two Sigma Investments LP purchased a new stake in shares of Golden Star Resources in the 4th quarter worth about $205,000. Finally, Hollencrest Capital Management boosted its position in shares of Golden Star Resources by 100.0% in the 4th quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock worth $267,000 after buying an additional 150,000 shares in the last quarter.

Shares of Golden Star Resources opened at $0.69 on Friday, Marketbeat reports. Golden Star Resources has a twelve month low of $0.68 and a twelve month high of $0.71.

Golden Star Resources (NYSEAMERICAN:GSS) last announced its earnings results on Wednesday, May 2nd. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.02). Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%. The firm had revenue of $70.82 million during the quarter.

Several brokerages recently weighed in on GSS. National Bank Financial began coverage on shares of Golden Star Resources in a research note on Tuesday, January 30th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. TheStreet raised shares of Golden Star Resources from a “d” rating to a “c” rating in a research note on Wednesday, March 28th. Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Finally, HC Wainwright set a $1.00 target price on shares of Golden Star Resources and gave the company a “buy” rating in a research note on Wednesday, March 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $0.98.

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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Institutional Ownership by Quarter for Golden Star Resources (NYSEAMERICAN:GSS)

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