Golden Star Resources (GSS) Posts Quarterly Earnings Results, Meets Expectations
Golden Star Resources (NYSE:GSS) issued its quarterly earnings data on Friday. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03), AnalystRatings.Net reports.
On the ratings front, analysts at Zacks downgraded shares of Golden Star Resources from a “neutral” rating to an “underperform” rating in a research note on Friday, July 11th. They now have a $0.60 price target on the stock.
Golden Star Resources (NYSE:GSS) opened at 0.5391 on Friday. Golden Star Resources has a 52-week low of $0.39 and a 52-week high of $0.89. The stock’s 50-day moving average is $0.5 and its 200-day moving average is $0.61. The company’s market cap is $139.8 million. Golden Star Resources also saw a large increase in short interest in July. As of July 15th, there was short interest totalling 5,305,856 shares, an increase of 1.4% from the June 30th total of 5,379,828 shares. Based on an average daily volume of 1,364,484 shares, the short-interest ratio is presently 3.9 days. Approximately 2.1% of the company’s stock are sold short.
Golden Star Resources Ltd, (NYSE:GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa.
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