BidaskClub Lowers Golden Star Resources Ltd. (GSS) to Sell

BidaskClub cut shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other brokerages have also commented on GSS. Zacks Investment Research lowered shares of Golden Star Resources from a strong-buy rating to a hold rating in a report on Wednesday, October 4th. ValuEngine upgraded shares of Golden Star Resources from a hold rating to a buy rating in a report on Friday, October 6th. Scotiabank set a $1.00 price objective on shares of Golden Star Resources and gave the stock a sector perform rating in a report on Friday, July 7th. Finally, Desjardins started coverage on shares of Golden Star Resources in a report on Friday, September 29th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $1.15.

Golden Star Resources (NYSEMKT:GSS) (TSE:GSC) last issued its quarterly earnings data on Tuesday, August 1st. The mining company reported $0.02 EPS for the quarter. The company had revenue of $77.34 million during the quarter.

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A number of institutional investors have recently added to or reduced their stakes in GSS. Bank of New York Mellon Corp lifted its holdings in Golden Star Resources by 18.0% during the 1st quarter. Bank of New York Mellon Corp now owns 125,280 shares of the mining company’s stock worth $106,000 after buying an additional 19,121 shares in the last quarter. United Services Automobile Association lifted its holdings in Golden Star Resources by 65.2% during the 1st quarter. United Services Automobile Association now owns 5,287,826 shares of the mining company’s stock worth $4,479,000 after buying an additional 2,087,826 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Golden Star Resources by 5.4% during the 1st quarter. OppenheimerFunds Inc. now owns 11,797,660 shares of the mining company’s stock worth $9,994,000 after buying an additional 600,000 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Golden Star Resources by 224.2% during the 1st quarter. Global X Management Co. LLC now owns 307,160 shares of the mining company’s stock worth $260,000 after buying an additional 212,412 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Golden Star Resources during the 1st quarter worth approximately $306,000.

Golden Star Resources Company Profile

Golden Star Resources Ltd. is a gold mining and exploration company. The Company’s segments include Wassa, Bogoso/Prestea, Other and Corporate. The Company, through its subsidiary, Golden Star (Wassa) Limited, owns and operates the Wassa open-pit gold mine, the Wassa underground mine and a carbon-in-leach (CIL) processing plant (Wassa).

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