Nysemkt (NYSEMKT:GSS) (TSE:GSC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $1.00 target price on the mining company’s stock.

According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “

Other research analysts have also issued research reports about the company. ValuEngine upgraded Nysemkt from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Desjardins initiated coverage on Nysemkt in a research report on Friday, September 29th. They issued a “buy” rating for the company. Beacon Securities reiterated a “buy” rating on shares of Nysemkt in a research report on Wednesday, October 11th. BidaskClub upgraded Nysemkt from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Scotiabank set a $1.00 price target on Nysemkt and gave the stock a “sector perform” rating in a research report on Friday, July 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1.23.

Nysemkt (NYSEMKT:GSS) (TSE:GSC) last issued its quarterly earnings data on Tuesday, August 1st. The mining company reported $0.02 earnings per share for the quarter. The firm had revenue of $77.34 million for the quarter.

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Large investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in shares of Nysemkt by 41.4% during 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 period. Franklin Resources Inc. boosted its position in shares of Nysemkt by 10.4% during the second quarter. Franklin Resources Inc. now owns 21,641,667 shares of the mining company’s stock valued at $14,069,000 after buying an additional 2,035,000 shares during the period. Sentry Investments Corp. boosted its position in shares of Nysemkt by 198.7% during 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 period. OppenheimerFunds Inc. boosted its position in shares of Nysemkt by 5.4% during 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 period. Finally, Renaissance Technologies LLC boosted its position in shares of Nysemkt by 36.5% during the first quarter. Renaissance Technologies LLC now owns 7,577,296 shares of the mining company’s stock valued at $3,455,000 after buying an additional 2,024,998 shares during the period.

About Nysemkt

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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