BMO Capital Markets Analysts Give Golden Star Resources (GSS) a $7.00 Price Target

BMO Capital Markets set a $7.00 price target on Golden Star Resources (NYSEAMERICAN:GSS) in a report released on Monday morning, The Fly reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. HC Wainwright set a $5.00 price objective on shares of Golden Star Resources and gave the stock a buy rating in a research note on Thursday, November 1st. National Bank Financial restated a buy rating on shares of Golden Star Resources in a research note on Tuesday, October 30th. Zacks Investment Research downgraded shares of Golden Star Resources from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Finally, Scotiabank upgraded shares of Golden Star Resources from a sector perform rating to an outperform rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Golden Star Resources presently has an average rating of Buy and an average target price of $5.44.

Golden Star Resources stock opened at $3.01 on Monday. Golden Star Resources has a one year low of $2.80 and a one year high of $4.60.

Golden Star Resources (NYSEAMERICAN:GSS) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.06. The business had revenue of $67.74 million for the quarter.

A number of large investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Golden Star Resources by 4.0% in the 2nd quarter. Van ECK Associates Corp now owns 29,391,024 shares of the company’s stock valued at $19,839,000 after purchasing an additional 1,134,333 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Golden Star Resources by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 12,259,288 shares of the company’s stock valued at $8,275,000 after purchasing an additional 394,500 shares during the last quarter. United Services Automobile Association lifted its stake in Golden Star Resources by 21.4% in the 2nd quarter. United Services Automobile Association now owns 9,600,000 shares of the company’s stock valued at $6,480,000 after purchasing an additional 1,692,600 shares during the last quarter. ASA Gold & Precious Metals Ltd acquired a new stake in Golden Star Resources in the 2nd quarter valued at about $1,958,000. Finally, AGF Investments Inc. lifted its stake in Golden Star Resources by 35.1% in the 2nd quarter. AGF Investments Inc. now owns 2,498,900 shares of the company’s stock valued at $1,711,000 after purchasing an additional 648,600 shares during the last quarter.

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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The Fly

Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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