Golden Star Resources (NYSEAMERICAN:GSS) Downgraded by National Bank Financial to Sector Perform

National Bank Financial downgraded shares of Golden Star Resources (NYSEAMERICAN:GSS) from an outperform rating to a sector perform rating in a report published on Thursday, March 28th, The Fly reports.

A number of other research firms also recently weighed in on GSS. HC Wainwright restated a buy rating and issued a $4.40 target price on shares of Golden Star Resources in a research report on Thursday, February 21st. Zacks Investment Research upgraded Golden Star Resources from a strong sell rating to a hold rating in a research report on Friday, February 8th. Finally, BMO Capital Markets restated a buy rating on shares of Golden Star Resources in a research report on Monday, December 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $5.70.

Shares of NYSEAMERICAN:GSS traded down $0.03 during trading on Thursday, hitting $4.09. The company’s stock had a trading volume of 236,195 shares, compared to its average volume of 313,548. Golden Star Resources has a fifty-two week low of $2.43 and a fifty-two week high of $4.67.

Golden Star Resources (NYSEAMERICAN:GSS) last announced its quarterly earnings data on Tuesday, February 19th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). The company had revenue of $57.34 million during the quarter.

Several large investors have recently made changes to their positions in GSS. JPMorgan Chase & Co. lifted its position in shares of Golden Star Resources by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 998,239 shares of the company’s stock valued at $724,000 after acquiring an additional 22,200 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Golden Star Resources during the 3rd quarter valued at $2,199,000. Franklin Resources Inc. raised its stake in Golden Star Resources by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 22,491,667 shares of the company’s stock valued at $16,304,000 after purchasing an additional 400,000 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Golden Star Resources during the 3rd quarter valued at $325,000. Finally, Renaissance Technologies LLC increased its stake in shares of Golden Star Resources by 4.8% in the third quarter. Renaissance Technologies LLC now owns 12,849,065 shares of the company’s stock worth $9,314,000 after acquiring an additional 589,777 shares during the last quarter.

About Golden Star Resources

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 Bogoso gold mining and processing operation, Prestea open-pit mining operations, and the Prestea underground development project located near the town of Prestea, Ghana.

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Analyst Recommendations for Golden Star Resources (NYSEAMERICAN:GSS)

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