Golden Star Resources (NYSEAMERICAN:GSS) – Analysts at National Bank Financial issued their Q1 2018 EPS estimates for Golden Star Resources in a research report issued on Monday, April 9th. National Bank Financial analyst D. Demarco forecasts that the company will earn $0.03 per share for the quarter. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Golden Star Resources’ FY2019 earnings at $0.15 EPS.
Several other equities research analysts also recently issued reports on GSS. HC Wainwright set a $1.00 price objective on shares of Golden Star Resources and gave the stock a “buy” rating in a research report on Wednesday, March 28th. TheStreet upgraded shares of Golden Star Resources from a “d” rating to a “c” rating in a report on Wednesday, March 28th. Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the stock a “sector perform” rating in a report on Wednesday, March 28th. Zacks Investment Research upgraded shares of Golden Star Resources from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a report on Friday, January 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $0.98.
Golden Star Resources (NYSEAMERICAN:GSS) last announced its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The company had revenue of $81.85 million for the quarter. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Golden Star Resources by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 10,999,088 shares of the company’s stock worth $9,789,000 after purchasing an additional 1,030,400 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Golden Star Resources during the fourth quarter worth $4,922,000. Alps Advisors Inc. boosted its holdings in Golden Star Resources by 163.7% during the fourth quarter. Alps Advisors Inc. now owns 2,284,295 shares of the company’s stock worth $2,033,000 after purchasing an additional 1,417,971 shares during the last quarter. James Investment Research Inc. acquired a new position in Golden Star Resources during the fourth quarter worth $1,218,000. Finally, Macquarie Group Ltd. boosted its holdings in Golden Star Resources by 55.3% during the fourth quarter. Macquarie Group Ltd. now owns 753,629 shares of the company’s stock worth $671,000 after purchasing an additional 268,500 shares during the last quarter.
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About Golden Star Resources
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 Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.
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