Brokerages Set Golden Star Resources (GSC) PT at $1.36

Golden Star Resources (TSE:GSC) (NYSE:GSS) has been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$1.36.

A number of equities analysts have weighed in on the stock. National Bank Financial reaffirmed an “outperform market weight” rating and issued a C$1.60 target price on shares of Golden Star Resources in a research note on Monday, January 29th. Desjardins dropped their target price on shares of Golden Star Resources from C$1.75 to C$1.40 in a research note on Monday, April 2nd. Finally, BMO Capital Markets dropped their target price on shares of Golden Star Resources from C$1.50 to C$1.25 in a research note on Friday, January 12th.

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Shares of TSE GSC opened at C$0.74 on Friday. Golden Star Resources has a 1-year low of C$0.70 and a 1-year high of C$1.18.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last announced its earnings results on Tuesday, February 20th. The company reported C$0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.05. Golden Star Resources had a net margin of 15.61% and a return on equity of 1,299.50%. The company had revenue of C$103.95 million during the quarter.

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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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