Golden Star Resources (GSC) Price Target Raised to C$7.50

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Golden Star Resources (TSE:GSC) (NYSE:GSS) had its price objective hoisted by investment analysts at National Bank Financial from C$1.50 to C$7.50 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 61.64% from the stock’s previous close.

Separately, Desjardins reduced their price objective on shares of Golden Star Resources from C$1.65 to C$1.60 in a research report on Tuesday, August 7th.

GSC stock opened at C$4.64 on Tuesday. Golden Star Resources has a one year low of C$0.70 and a one year high of C$4.83.

Golden Star Resources (TSE:GSC) (NYSE:GSS) last released its quarterly earnings data on Wednesday, August 1st. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.02). Golden Star Resources had a return on equity of 1,299.50% and a net margin of 15.61%. The company had revenue of C$99.53 million for the quarter.

In other Golden Star Resources news, Director Samuel Theodorus Coetzer bought 43,500 shares of Golden Star Resources stock in a transaction dated Friday, August 3rd. The stock was bought at an average price of C$0.93 per share, with a total value of C$40,455.00. Also, insider Martin Philip Raffield bought 42,249 shares of Golden Star Resources stock in a transaction dated Monday, August 6th. The stock was acquired at an average cost of C$0.73 per share, with a total value of C$30,841.77. Over the last ninety days, insiders have acquired 141,655 shares of company stock valued at $112,626.

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 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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