Golden Star Resources (NYSEAMERICAN:GSS) Lifted to “Outperform Overweight” at National Bank Financial

Golden Star Resources (NYSEAMERICAN:GSS) was upgraded by research analysts at National Bank Financial from a “sector perform overweight” rating to an “outperform overweight” rating in a research report issued on Thursday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Golden Star Resources from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. HC Wainwright reaffirmed a “buy” rating and issued a $5.25 target price (up previously from $4.50) on shares of Golden Star Resources in a research note on Tuesday, July 28th. Finally, BMO Capital Markets raised Golden Star Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Golden Star Resources has a consensus rating of “Buy” and a consensus target price of $4.50.

GSS traded up $0.14 during trading on Thursday, reaching $4.50. The company’s stock had a trading volume of 1,695,132 shares, compared to its average volume of 746,039. Golden Star Resources has a 52-week low of $1.85 and a 52-week high of $4.56.

Golden Star Resources (NYSEAMERICAN:GSS) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $85.63 million during the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of GSS. JPMorgan Chase & Co. increased its holdings in shares of Golden Star Resources by 4.1% during the 1st quarter. JPMorgan Chase & Co. now owns 191,709 shares of the company’s stock worth $477,000 after buying an additional 7,470 shares during the last quarter. UBS Group AG increased its holdings in shares of Golden Star Resources by 61.7% during the 4th quarter. UBS Group AG now owns 21,164 shares of the company’s stock worth $81,000 after buying an additional 8,078 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Golden Star Resources during the 1st quarter worth $37,000. Jane Street Group LLC acquired a new stake in shares of Golden Star Resources during the 4th quarter worth $130,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Golden Star Resources during the 4th quarter worth $222,000.

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 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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