Golden Star Resources’ (GSS) Buy Rating Reaffirmed at Beacon Securities

Beacon Securities reissued their buy rating on shares of Golden Star Resources Ltd. (NYSEMKT:GSS) (TSE:GSC) in a research note released on Wednesday.

GSS has been the topic of several other research reports. Scotiabank set a $1.00 price objective on shares of Golden Star Resources and gave the stock a sector perform rating in a research note on Friday, July 7th. ValuEngine cut shares of Golden Star Resources from a buy rating to a hold rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Golden Star Resources from a hold rating to a strong-buy rating and set a $0.75 price objective on the stock in a research note on Monday, August 7th. BidaskClub upgraded shares of Golden Star Resources from a strong sell rating to a sell rating in a research note on Thursday, August 10th. Finally, Desjardins started coverage on shares of Golden Star Resources in a research note on Friday, September 29th. They issued a buy rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Golden Star Resources has a consensus rating of Buy and an average target price of $1.15.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. raised its stake in Golden Star Resources by 8.7% during the 2nd quarter. U S Global Investors Inc. now owns 2,500,000 shares of the mining company’s stock worth $1,625,000 after acquiring an additional 200,000 shares during the period. Goldman Sachs Group Inc. raised its stake in Golden Star Resources by 642.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,079,046 shares of the mining company’s stock worth $1,352,000 after acquiring an additional 1,799,086 shares during the period. Zacks Investment Management bought a new stake in Golden Star Resources during the 2nd quarter worth approximately $123,000. GSA Capital Partners LLP raised its stake in Golden Star Resources by 337.5% during the 2nd quarter. GSA Capital Partners LLP now owns 2,115,900 shares of the mining company’s stock worth $1,376,000 after acquiring an additional 1,632,300 shares during the period. Finally, Franklin Resources Inc. raised its stake in Golden Star Resources by 10.4% during the 2nd quarter. Franklin Resources Inc. now owns 21,641,667 shares of the mining company’s stock worth $14,069,000 after acquiring an additional 2,035,000 shares during the period.

About Golden Star Resources

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).

Analyst Recommendations for Golden Star Resources (NYSEMKT:GSS)

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