Golden Star Resources Upgraded to “Hold” by Canaccord Genuity (GSS)
Golden Star Resources (NYSE:GSS) was upgraded by equities research analysts at Canaccord Genuity from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Golden Star Resources (NYSE:GSS) traded down 2.56% during mid-day trading on Tuesday, hitting $0.76. The stock had a trading volume of 1,249,198 shares. Golden Star Resources has a one year low of $0.39 and a one year high of $1.73. The stock’s 50-day moving average is $0.64 and its 200-day moving average is $0.53. The company’s market cap is $196.9 million.
A number of other firms have also recently commented on GSS. Analysts at Zacks downgraded shares of Golden Star Resources from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $0.50 price target on the stock. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average target price of $1.05.
Golden Star Resources Ltd, (NYSE:GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa.
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