Golden Star Resources (NASDAQ:GSS) Downgraded to Hold at Beacon Securities

Golden Star Resources (NASDAQ:GSS) was downgraded by analysts at Beacon Securities from a “buy” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

Separately, BidaskClub lowered shares of Golden Star Resources from a “hold” rating to a “sell” rating in a research report on Saturday.

Shares of NASDAQ GSS traded down $0.17 during midday trading on Thursday, hitting $3.30. The company’s stock had a trading volume of 1,923,960 shares, compared to its average volume of 470,311. The company’s fifty day simple moving average is $4.07. Golden Star Resources has a one year low of $2.43 and a one year high of $4.97.

Golden Star Resources (NASDAQ:GSS) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $67.26 million during the quarter.

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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