National Bank Financial Downgrades Golden Star Resources (GSC) to Sector Perform

National Bank Financial lowered shares of Golden Star Resources (TSE:GSC) (NYSE:GSS) from an outperform rating to a sector perform rating in a research report sent to investors on Friday, March 29th, BayStreet.CA reports. The brokerage currently has C$7.00 price target on the stock. National Bank Financial also issued estimates for Golden Star Resources’ Q1 2019 earnings at $0.12 EPS, FY2019 earnings at $0.56 EPS and FY2020 earnings at $0.84 EPS.

TSE:GSC traded up C$0.01 on Friday, reaching C$6.04. 34,100 shares of the company’s stock were exchanged, compared to its average volume of 32,056. The company has a debt-to-equity ratio of 239.57, a current ratio of 1.04 and a quick ratio of 0.74. The firm has a market capitalization of $656.47 million and a PE ratio of -28.09. Golden Star Resources has a 52-week low of C$3.24 and a 52-week high of C$6.22.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last released its earnings results on Tuesday, February 19th. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$75.79 million for the quarter. Analysts expect that Golden Star Resources will post 0.429999994295191 EPS for the current fiscal year.

Golden Star Resources Company Profile

Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.

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