BMO Capital Markets upgraded shares of Golden Star Resources (NYSEAMERICAN:GSS) from a market perform rating to an outperform rating in a report released on Wednesday, The Fly reports.
Other research analysts have also recently issued research reports about the stock. HC Wainwright reissued a buy rating and issued a $5.25 target price (up previously from $4.50) on shares of Golden Star Resources in a report on Tuesday, July 28th. Zacks Investment Research cut shares of Golden Star Resources from a buy rating to a hold rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Golden Star Resources presently has a consensus rating of Buy and an average target price of $4.50.
GSS stock opened at $4.50 on Wednesday. Golden Star Resources has a 12 month low of $1.85 and a 12 month high of $4.56.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI bought a new position in Golden Star Resources in the 1st quarter valued at approximately $37,000. UBS Group AG raised its holdings in Golden Star Resources by 61.7% in the 4th quarter. UBS Group AG now owns 21,164 shares of the company’s stock valued at $81,000 after buying an additional 8,078 shares during the last quarter. Jane Street Group LLC bought a new position in Golden Star Resources in the 4th quarter valued at approximately $130,000. Geode Capital Management LLC bought a new position in Golden Star Resources in the 4th quarter valued at approximately $222,000. Finally, JPMorgan Chase & Co. raised its holdings in Golden Star Resources by 4.1% in the 1st quarter. JPMorgan Chase & Co. now owns 191,709 shares of the company’s stock valued at $477,000 after buying an additional 7,470 shares during the last 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 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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