National Bank Financial Weighs in on Golden Star Resources Ltd.’s FY2019 Earnings (GSC)
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) – Research analysts at National Bank Financial dropped their FY2019 earnings estimates for shares of Golden Star Resources in a research note issued to investors on Thursday. National Bank Financial analyst R. Ray now forecasts that the company will earn $0.40 per share for the year, down from their previous estimate of $0.42. National Bank Financial has a “Outperform” rating and a $1.85 price target on the stock. National Bank Financial also issued estimates for Golden Star Resources’ FY2020 earnings at $0.32 EPS and FY2021 earnings at $0.45 EPS.
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Other equities analysts have also issued research reports about the stock. Scotiabank reiterated a “sector perform” rating and set a C$1.00 price objective on shares of Golden Star Resources in a report on Friday, March 24th. TD Securities reiterated a “sector perform” rating and set a C$1.00 price objective on shares of Golden Star Resources in a report on Thursday, February 23rd.
Golden Star Resources (TSE:GSC) opened at 0.92 on Monday. The firm’s 50-day moving average price is $1.08 and its 200-day moving average price is $1.09. Golden Star Resources has a 12-month low of $0.62 and a 12-month high of $1.46. The company’s market cap is $344.54 million.
In related news, Director Timothy Clive Baker acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were purchased at an average price of C$1.18 per share, for a total transaction of C$29,500.00. Also, Director Samuel Theodorus Coetzer acquired 27,500 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were bought at an average price of C$1.09 per share, for a total transaction of C$29,975.00. Insiders have bought 96,192 shares of company stock worth $108,072 in the last quarter.
About Golden Star Resources
Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).
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