Zacks: Golden Star Resources, Ltd (NASDAQ:GSS) Given $5.34 Average Price Target by Analysts

Golden Star Resources, Ltd (NASDAQ:GSS) has been given an average broker rating score of 2.00 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Golden Star Resources’ rating score has declined by 25% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price objective of $5.34 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Golden Star Resources an industry rank of 11 out of 256 based on the ratings given to its competitors.

Several equities analysts have commented on GSS shares. BidaskClub raised shares of Golden Star Resources from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Beacon Securities downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Desjardins downgraded shares of Golden Star Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 26th.

Shares of NASDAQ GSS remained flat at $$3.04 during mid-day trading on Friday. 586,922 shares of the stock were exchanged, compared to its average volume of 554,152. Golden Star Resources has a 1-year low of $2.43 and a 1-year high of $4.97. The stock has a fifty day moving average price of $3.06.

Golden Star Resources (NASDAQ:GSS) last posted its earnings results on Wednesday, July 31st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $61.92 million for the quarter.

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 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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