Golden Star Resources (GSS) PT Set at $7.00 by BMO Capital Markets

Golden Star Resources (NYSEAMERICAN:GSS) received a $7.00 price target from stock analysts at BMO Capital Markets in a note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 125.81% from the company’s previous close.

A number of other research firms also recently issued reports on GSS. Zacks Investment Research downgraded shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Scotiabank upgraded Golden Star Resources from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 2nd. HC Wainwright set a $5.00 price objective on Golden Star Resources and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, National Bank Financial restated a “buy” rating on shares of Golden Star Resources in a research report on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.44.

GSS stock opened at $3.10 on Monday. Golden Star Resources has a 12-month low of $2.80 and a 12-month high of $4.60.

Golden Star Resources (NYSEAMERICAN:GSS) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.06. The company had revenue of $67.74 million for the quarter.

Several institutional investors have recently modified their holdings of GSS. Sigma Planning Corp raised its holdings in Golden Star Resources by 41.6% in the 2nd quarter. Sigma Planning Corp now owns 268,617 shares of the company’s stock valued at $181,000 after acquiring an additional 78,924 shares during the last quarter. Hollencrest Capital Management raised its holdings in Golden Star Resources by 22.5% in the 3rd quarter. Hollencrest Capital Management now owns 367,500 shares of the company’s stock valued at $266,000 after acquiring an additional 67,500 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Golden Star Resources by 20.7% in the 1st quarter. JPMorgan Chase & Co. now owns 910,539 shares of the company’s stock valued at $534,000 after acquiring an additional 156,100 shares during the last quarter. Bank of Montreal Can raised its holdings in Golden Star Resources by 64.0% in the 2nd quarter. Bank of Montreal Can now owns 1,092,689 shares of the company’s stock valued at $738,000 after acquiring an additional 426,584 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in Golden Star Resources by 28.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,583,850 shares of the company’s stock valued at $1,069,000 after acquiring an additional 353,021 shares during the last quarter.

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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