Golden Star Resources Ltd. (NYSEMKT:GSS) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $1.35.

A number of research analysts have issued reports on the stock. Scotiabank set a $1.00 target price on shares of Golden Star Resources and gave the company a “sector perform” rating in a report on Friday. Zacks Investment Research lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine lowered shares of Golden Star Resources from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Clarus Securities restated a “buy” rating on shares of Golden Star Resources in a report on Thursday, May 4th.

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Shares of Golden Star Resources (GSS) traded down 0.570% during trading on Friday, reaching $0.611. 1,223,537 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $0.67 and a 200-day moving average price of $0.78. The stock’s market capitalization is $229.84 million. Golden Star Resources has a 52 week low of $0.60 and a 52 week high of $1.13.

Several hedge funds and other institutional investors have recently made changes to their positions in GSS. Van ECK Associates Corp raised its position in shares of Golden Star Resources by 41.4% in the first quarter. Van ECK Associates Corp now owns 61,505,992 shares of the mining company’s stock valued at $52,102,000 after buying an additional 18,010,876 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Golden Star Resources by 12.1% in the fourth quarter. Franklin Resources Inc. now owns 18,206,667 shares of the mining company’s stock valued at $13,573,000 after buying an additional 1,960,546 shares during the last quarter. Sentry Investments Corp. raised its position in shares of Golden Star Resources by 198.7% in the first quarter. Sentry Investments Corp. now owns 15,122,533 shares of the mining company’s stock valued at $17,088,000 after buying an additional 10,060,000 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Golden Star Resources by 5.4% in the first quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock valued at $9,994,000 after buying an additional 600,000 shares during the last quarter. Finally, United Services Automobile Association raised its position in shares of Golden Star Resources by 65.2% in the first quarter. United Services Automobile Association now owns 5,287,826 shares of the mining company’s stock valued at $4,479,000 after buying an additional 2,087,826 shares during 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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