$0.04 EPS Expected for Golden Star Resources, Ltd (NASDAQ:GSS) This Quarter

Brokerages predict that Golden Star Resources, Ltd (NASDAQ:GSS) will announce earnings per share (EPS) of $0.04 for the current quarter, Zacks reports. Zero analysts have made estimates for Golden Star Resources’ earnings. Golden Star Resources reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The firm is expected to announce its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Golden Star Resources will report full year earnings of $0.03 per share for the current fiscal year, with EPS estimates ranging from ($0.13) to $0.21. For the next year, analysts anticipate that the business will post earnings of $0.35 per share, with EPS estimates ranging from $0.24 to $0.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Golden Star Resources.

Golden Star Resources (NASDAQ:GSS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $61.92 million during the quarter.

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

GSS stock traded down $0.03 during midday trading on Friday, reaching $3.09. 669,528 shares of the company traded hands, compared to its average volume of 533,757. Golden Star Resources has a 52-week low of $2.43 and a 52-week high of $4.97. The stock’s 50 day simple moving average is $3.21.

Golden Star Resources Company Profile

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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