Analyst Rating Update on Golden Star Resources Ltd (GSS)

Golden Star Resources Ltd (NYSEMKT:GSS) : Zacks Investment Research ranks Golden Star Resources Ltd (NYSEMKT:GSS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 2, which indicates as a Buy.

Golden Star Resources Ltd (NYSEMKT:GSS) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $1 and the lowest price target forecast is $1. The average forecast of all the analysts is $0.6 and the expected standard deviation is $0.14.

Company shares have received an average consensus rating of Hold for the current week

Golden Star Resources Ltd (NYSEMKT:GSS): stock turned positive on Tuesday. Though the stock opened at $0.618, the bulls momentum made the stock top out at $0.64 level for the day. The stock recorded a low of $0.6161 and closed the trading day at $0.64, in the green by 1.59%. The total traded volume for the day was 1,125,663. The stock had closed at $0.63 in the previous days trading.

Golden Star Resources Ltd. (Golden Star) is a gold mining company. The Company holds 90% interest in the Wassa, Prestea and Bogoso gold mines in Ghana. The Company is engaged in the brownfield development projects at its Wassa and Prestea mines. The Wassa mine is located approximately 35 kilometers east of the town of Bogoso, Ghana. Wassa has a non-refractory processing plant (Wassa processing plant) consisting of a carbon-in-leach (CIL) system. Bogoso operates a gold ore processing facility, which uses bio-oxidation technology to treat refractory ore (Bogoso refractory plant). Bogoso also has a CIL processing facility located adjacent to the Bogoso refractory plant, which is used for treating non-refractory gold ores (Bogoso non-refractory plant). Through Bogoso, the Company owns the Prestea Underground Mine, which is located on the Prestea property.

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