Zacks: Brokerages Anticipate Golden Star Resources, Ltd (NASDAQ:GSS) to Post $0.03 EPS

Brokerages expect that Golden Star Resources, Ltd (NASDAQ:GSS) will announce earnings of $0.03 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Golden Star Resources’ earnings. Golden Star Resources posted earnings of ($0.05) per share in the same quarter last year, which suggests a positive year over year growth rate of 160%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Golden Star Resources will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.19. For the next fiscal year, analysts forecast that the business will report earnings of $0.36 per share, with EPS estimates ranging from ($0.01) to $0.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Golden Star Resources.

Several equities research analysts have weighed in on GSS shares. Desjardins cut shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Beacon Securities cut shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub cut shares of Golden Star Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, Clarus Securities cut shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Hold”.

GSS opened at $3.04 on Thursday. Golden Star Resources has a 1-year low of $2.43 and a 1-year high of $4.97. The firm has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $3.49.

Golden Star Resources Company Profile

Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

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