Golden Star Resources (TSE:GSC) Stock Price Crosses Below 200-Day Moving Average of $4.97

Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.97 and traded as low as $4.25. Golden Star Resources shares last traded at $4.27, with a volume of 104,435 shares traded.

A number of equities research analysts have weighed in on GSC shares. Beacon Securities downgraded Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Desjardins downgraded Golden Star Resources from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, National Bank Financial boosted their price target on Golden Star Resources from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th.

The company has a current ratio of 0.86, a quick ratio of 0.54 and a debt-to-equity ratio of 316.59. The stock has a market capitalization of $439.84 million and a PE ratio of -17.30. The firm has a 50 day moving average price of C$4.07 and a 200 day moving average price of C$4.96.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last issued its earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.05). The company had revenue of C$82.82 million for the quarter. On average, equities research analysts expect that Golden Star Resources Ltd. will post 0.43 EPS for the current year.

About Golden Star Resources (TSE:GSC)

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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