Golden Star Resources (NYSEAMERICAN:GSS) has been assigned a $0.95 price target by Scotiabank in a research note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 23.38% from the stock’s previous close.
Other analysts have also issued reports about the stock. HC Wainwright assumed coverage on shares of Golden Star Resources in a research report on Wednesday, November 29th. They issued a “buy” rating and a $1.40 price target on the stock. Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a research report on Friday, January 26th. Zacks Investment Research lowered shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, National Bank Financial assumed coverage on shares of Golden Star Resources in a research report on Tuesday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1.12.
Shares of Golden Star Resources (NYSEAMERICAN GSS) traded down $0.03 on Friday, reaching $0.77. 1,174,165 shares of the company’s stock traded hands, compared to its average volume of 1,576,460. Golden Star Resources has a one year low of $0.59 and a one year high of $1.01. The firm has a market capitalization of $406.81, a price-to-earnings ratio of 11.14 and a beta of -0.80.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management lifted its stake in shares of Golden Star Resources by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after buying an additional 150,000 shares during the period. Bank of Montreal Can raised its stake in Golden Star Resources by 22.5% during the fourth quarter. Bank of Montreal Can now owns 475,200 shares of the company’s stock worth $423,000 after purchasing an additional 87,200 shares during the period. Creative Planning raised its stake in Golden Star Resources by 15.7% during the fourth quarter. Creative Planning now owns 515,398 shares of the company’s stock worth $459,000 after purchasing an additional 70,000 shares during the period. James Investment Research Inc. purchased a new position in Golden Star Resources during the fourth quarter worth approximately $1,218,000. Finally, Picton Mahoney Asset Management purchased a new position in Golden Star Resources during the fourth quarter worth approximately $4,922,000.
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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).
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