Golden Star Resources (NYSEAMERICAN:GSS) Trading 6.1% Higher

Shares of Golden Star Resources Ltd. (NYSEAMERICAN:GSS) traded up 6.1% during mid-day trading on Wednesday . The company traded as high as $3.13 and last traded at $3.11, 434,180 shares traded hands during mid-day trading. A decline of 18% from the average session volume of 532,709 shares. The stock had previously closed at $2.93.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Golden Star Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 28th. TheStreet lowered Golden Star Resources from a “c-” rating to a “d+” rating in a research note on Friday, August 9th. Desjardins lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. HC Wainwright reiterated a “buy” rating and issued a $3.80 target price on shares of Golden Star Resources in a research note on Friday, August 2nd. Finally, Beacon Securities lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.18.

Golden Star Resources (NYSEAMERICAN:GSS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $61.92 million during the quarter.



A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in Golden Star Resources by 13.0% during the 2nd quarter. Royal Bank of Canada now owns 32,884 shares of the company’s stock valued at $133,000 after purchasing an additional 3,776 shares in the last quarter. Millennium Management LLC acquired a new stake in Golden Star Resources during the 4th quarter valued at approximately $37,000. Alps Advisors Inc. grew its stake in Golden Star Resources by 8.6% during the 2nd quarter. Alps Advisors Inc. now owns 207,143 shares of the company’s stock valued at $835,000 after purchasing an additional 16,463 shares in the last quarter. Renaissance Technologies LLC grew its stake in Golden Star Resources by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,671,396 shares of the company’s stock valued at $10,766,000 after purchasing an additional 17,500 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in Golden Star Resources during the 1st quarter valued at approximately $88,000.

Golden Star Resources Company Profile (NYSEAMERICAN:GSS)

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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