Golden Star Resources PT Raised to C$0.35 (GSC)
Investment analysts at CIBC increased their target price on shares of Golden Star Resources (TSE:GSC) from C$0.30 to C$0.35 in a note issued to investors on Friday, AR Network reports. The firm currently has a “sector underperform” rating on the stock. CIBC’s price target indicates a potential downside of 21.35% from the company’s current price.
A number of other firms have also recently commented on GSC. Analysts at Canaccord Genuity downgraded shares of Golden Star Resources (TSE:GSC) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, July 17th. Analysts at Scotiabank raised their price target on shares of Golden Star Resources (TSE:GSC) to C$0.01 in a research note to investors on Wednesday, July 10th. Four research analysts have rated the stock with a sell rating, The company presently has an average rating of “Sell” and a consensus target price of C$0.41.
Shares of Golden Star Resources (TSE:GSC) traded down 4.30% during mid-day trading on Friday, hitting $0.445. The stock had a trading volume of 96,407 shares. Golden Star Resources has a 1-year low of $0.41 and a 1-year high of $2.10. The stock’s 50-day moving average is $0.59 and its 200-day moving average is $0.88. The company’s market cap is $115.3 million.
Golden Star Resources Ltd, (TSE:GSC) is an international gold mining and exploration company producing gold in Ghana, West Africa.
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