Clarus Securities Comments on Golden Star Resources Ltd.’s FY2018 Earnings (GSS)

Golden Star Resources Ltd. (NYSEAMERICAN:GSS) – Stock analysts at Clarus Securities decreased their FY2018 earnings per share (EPS) estimates for shares of Golden Star Resources in a report released on Friday. Clarus Securities analyst N. Sangmuah now anticipates that the company will post earnings of $0.12 per share for the year, down from their previous estimate of $0.17.

A number of other equities research analysts have also recently weighed in on GSS. Scotiabank reaffirmed a “sector perform” rating and issued a $1.25 price objective on shares of Golden Star Resources in a research note on Wednesday, September 20th. Desjardins initiated coverage on Golden Star Resources in a research note on Friday, September 29th. They issued a “buy” rating for the company. Zacks Investment Research cut Golden Star Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, HC Wainwright initiated coverage on Golden Star Resources in a research note on Wednesday, November 29th. They issued a “buy” rating and a $1.40 price objective for the company.

Shares of Golden Star Resources (GSS) traded down $0.01 during midday trading on Monday, hitting $0.87. The stock had a trading volume of 3,731,700 shares, compared to its average volume of 1,734,967. Golden Star Resources has a twelve month low of $0.59 and a twelve month high of $1.01. The firm has a market capitalization of $436.30, a PE ratio of 12.43 and a beta of -0.84.

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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).

Earnings History and Estimates for Golden Star Resources (NYSEAMERICAN:GSS)

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