Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC)‘s stock had its “buy” rating reaffirmed by research analysts at Beacon Securities in a research note issued on Wednesday.

A number of other brokerages have also recently commented on GSS. Zacks Investment Research cut Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised Golden Star Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Desjardins assumed coverage on Golden Star Resources in a research report on Friday, September 29th. They set a “buy” rating for the company. ValuEngine raised Golden Star Resources from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Scotiabank set a $1.00 price target on Golden Star Resources and gave the stock a “sector perform” rating in a research report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Golden Star Resources has an average rating of “Buy” and an average price target of $1.15.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last issued its quarterly earnings results on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The firm had revenue of $77.34 million for the quarter.

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Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Golden Star Resources by 18.0% in the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock valued at $106,000 after buying an additional 19,121 shares during the period. Zacks Investment Management acquired a new position in shares of Golden Star Resources in the 2nd quarter valued at about $123,000. Sigma Planning Corp lifted its holdings in shares of Golden Star Resources by 55.9% in the 2nd quarter. Sigma Planning Corp now owns 213,951 shares of the mining company’s stock valued at $139,000 after buying an additional 76,683 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Golden Star Resources by 26.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,960 shares of the mining company’s stock valued at $237,000 after buying an additional 58,510 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in shares of Golden Star Resources by 224.2% in the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock valued at $260,000 after buying an additional 212,412 shares during the period.

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).

Analyst Recommendations for Golden Star Resources (NYSEMKT:GSS)

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