Analyst Rating Update on Golden Star Resources Ltd (GSS)

Golden Star Resources Ltd (GSS) : 1 brokerage houses believe that Golden Star Resources Ltd (GSS) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Golden Star Resources Ltd (GSS). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 2 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Golden Star Resources Ltd (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 $0.93 and the expected standard deviation is $0.6.

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


Golden Star Resources Ltd (NYSEMKT:GSS): The stock opened at $0.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.78 for the day. The stock traded down to $0.74 during the day, due to lack of any buying support eventually closed down at $0.76 with a loss of -1.03% for the day. The stock had closed at $0.76 on the previous day. The total traded volume was 3,124,123 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.