Golden Star Resources (GSS) Upgraded at Zacks Investment Research
Golden Star Resources (NYSEAMERICAN:GSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business. “
Other equities analysts also recently issued reports about the stock. HC Wainwright set a $1.00 target price on shares of Golden Star Resources and gave the stock a “buy” rating in a report on Thursday, February 15th. Credit Suisse Group upgraded shares of Golden Star Resources from an “underperform” rating to a “neutral” rating in a report on Friday, January 26th. National Bank Financial started coverage on shares of Golden Star Resources in a report on Tuesday, January 30th. They issued an “outperform” rating for the company. Finally, Scotiabank set a $0.95 target price on shares of Golden Star Resources and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $0.98.
Several institutional investors and hedge funds have recently bought and sold shares of GSS. Two Sigma Advisers LP increased its holdings in shares of Golden Star Resources by 767.3% during the fourth quarter. Two Sigma Advisers LP now owns 146,576 shares of the company’s stock valued at $130,000 after acquiring an additional 129,676 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Golden Star Resources during the fourth quarter valued at about $137,000. Bank of New York Mellon Corp acquired a new position in shares of Golden Star Resources during the fourth quarter valued at about $204,000. Two Sigma Investments LP acquired a new position in shares of Golden Star Resources during the fourth quarter valued at about $205,000. Finally, Hollencrest Capital Management increased its holdings 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 acquiring an additional 150,000 shares in the last quarter.
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About Golden Star Resources
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).
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