Golden Star Resources Ltd. (GSC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) have received an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$1.41.

Several brokerages have recently commented on GSC. Beacon Securities reissued a “buy” rating on shares of Golden Star Resources in a report on Wednesday, October 11th. HC Wainwright reissued a “buy” rating on shares of Golden Star Resources in a report on Wednesday, November 29th. Desjardins reissued a “buy” rating and set a C$1.75 price objective on shares of Golden Star Resources in a report on Friday, September 29th. Scotiabank reissued a “sector perform” rating and set a C$1.25 price objective on shares of Golden Star Resources in a report on Sunday, September 24th. Finally, BMO Capital Markets cut their price objective on Golden Star Resources from C$1.50 to C$1.25 in a report on Friday, January 12th.

Golden Star Resources (TSE:GSC) opened at C$1.00 on Friday. The firm has a market capitalization of $524.65, a PE ratio of 12.50 and a beta of -1.29. Golden Star Resources has a twelve month low of C$0.76 and a twelve month high of C$1.33.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last posted its earnings results on Wednesday, November 1st. The company reported C$0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.04 by C$0.03. Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%.

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Golden Star Resources Company Profile

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 (TSE:GSC)

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