Golden Star Resources Ltd (GSS): Price Target and June Short Interest Disclosure

Golden Star Resources Ltd (GSS) : The highest short term price target forecast on Golden Star Resources Ltd (GSS) is $1 and the lowest target price is $1. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $0.71 with a standard deviation of $0.3.

Golden Star Resources Ltd (GSS) stated loss of 129,101 shares or 1.9% in the short interest. The short interest registered from 6,894,635 on June 15,2016 to 6,765,534 on June 30,2016. In terms of floated shares, the shorted positions stood at 2.4%. The stock has been averaging 1,588,524 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Golden Star Resources Ltd (NYSEMKT:GSS): stock turned positive on Thursday. Though the stock opened at $0.78, the bulls momentum made the stock top out at $0.988 level for the day. The stock recorded a low of $0.7726 and closed the trading day at $0.96, in the green by 19.25%. The total traded volume for the day was 13,505,265. The stock had closed at $0.805 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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