Golden Star Resources Ltd. (NYSEAMERICAN:GSS) fell 8% during trading on Friday . The company traded as low as $0.69 and last traded at $0.69. 2,868,586 shares were traded during trading, an increase of 80% from the average session volume of 1,589,767 shares. The stock had previously closed at $0.75.

A number of research firms have commented on GSS. Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. National Bank Financial began coverage on shares of Golden Star Resources in a research note on Tuesday, January 30th. They set an “outperform” rating on the stock. Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a research note on Friday, January 26th. Finally, HC Wainwright began coverage on shares of Golden Star Resources in a research note on Wednesday, November 29th. They set a “buy” rating and a $1.40 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Golden Star Resources currently has an average rating of “Hold” and a consensus target price of $1.12.

The firm has a market cap of $342.86, a PE ratio of 9.89 and a beta of -0.80.

Several institutional investors have recently added to or reduced their stakes in GSS. Virtu Financial LLC bought a new stake in shares of Golden Star Resources during the fourth quarter valued at approximately $137,000. Bank of New York Mellon Corp bought a new stake in shares of Golden Star Resources during the fourth quarter valued at approximately $204,000. Hollencrest Capital Management raised its position in shares of Golden Star Resources by 100.0% during the fourth quarter. Hollencrest Capital Management now owns 300,000 shares of the company’s stock valued at $267,000 after buying an additional 150,000 shares during the last quarter. Bank of Montreal Can raised its position in shares of Golden Star Resources by 22.5% during the fourth quarter. Bank of Montreal Can now owns 475,200 shares of the company’s stock valued at $423,000 after buying an additional 87,200 shares during the last quarter. Finally, Creative Planning raised its position in shares of Golden Star Resources by 15.7% during the fourth quarter. Creative Planning now owns 515,398 shares of the company’s stock valued at $459,000 after buying an additional 70,000 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This article was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://theolympiareport.com/2018/02/11/golden-star-resources-gss-shares-down-8.html.

Golden Star Resources Company Profile

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).

Receive News & Ratings for Golden Star Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Star Resources and related companies with MarketBeat.com's FREE daily email newsletter.