BMO Capital Markets upgraded shares of Golden Star Resources (NYSEAMERICAN:GSS) from a market perform rating to an outperform rating in a research report released on Wednesday morning, The Fly reports.
GSS has been the subject of several other research reports. HC Wainwright reiterated a buy rating and set a $5.25 price target (up previously from $4.50) on shares of Golden Star Resources in a research report on Tuesday, July 28th. Zacks Investment Research cut shares of Golden Star Resources from a buy rating to a hold rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Golden Star Resources currently has an average rating of Buy and an average target price of $4.50.
GSS opened at $4.50 on Wednesday. Golden Star Resources has a 1-year low of $1.85 and a 1-year high of $4.56.
Golden Star Resources (NYSEAMERICAN:GSS) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $85.63 million during the quarter.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI acquired a new position in Golden Star Resources during the first quarter valued at approximately $37,000. UBS Group AG grew its holdings in Golden Star Resources by 61.7% during the fourth quarter. UBS Group AG now owns 21,164 shares of the company’s stock valued at $81,000 after purchasing an additional 8,078 shares during the period. Jane Street Group LLC acquired a new position in Golden Star Resources during the fourth quarter valued at approximately $130,000. Geode Capital Management LLC acquired a new position in Golden Star Resources during the fourth quarter valued at approximately $222,000. Finally, JPMorgan Chase & Co. grew its holdings in Golden Star Resources by 4.1% during the first quarter. JPMorgan Chase & Co. now owns 191,709 shares of the company’s stock valued at $477,000 after purchasing an additional 7,470 shares during the period.
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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