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Shares of Golden Star Resources (NYSE:GSS) were the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 5,379,828 shares, a decline of 3.1% from the June 13th total of 5,553,015 shares, StockRatingsNetwork.com reports. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 1,344,599 shares, the days-to-cover ratio is currently 4.0 days.

GSS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Golden Star Resources from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $0.60 price target on the stock. Analysts at Canaccord Genuity upgraded shares of Golden Star Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th.

Golden Star Resources (NYSE:GSS) opened at 0.6008 on Monday. Golden Star Resources has a one year low of $0.39 and a one year high of $0.89. The stock has a 50-day moving average of $0.54 and a 200-day moving average of $0.61. The company’s market cap is $155.8 million.

Golden Star Resources (NYSE:GSS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.04. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Analysts expect that Golden Star Resources will post $-0.04 EPS for the current fiscal year.

Golden Star Resources Ltd, (NYSE:GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa.

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