Golden Star Resources Ltd (GSS) Receives Price Target

Golden Star Resources Ltd (GSS) : 3 Wall Street analysts covering Golden Star Resources Ltd (GSS) believe that the average level the stock could reach for the short term is $0.93. The maximum price target given is $1 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.37.

Golden Star Resources Ltd (GSS) : 1 brokerage houses believe that Golden Star Resources Ltd (GSS) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Golden Star Resources Ltd (GSS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.


Golden Star Resources Ltd (NYSEMKT:GSS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.67 and $0.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.72, notching a gain of 3.10% for the day. The total traded volume was 2,234,940 . The stock had closed at $0.70 on the previous day.

Golden Star Resources Ltd. (Golden Star) is a gold mining company. The Company holds 90% interest in the Wassa, Prestea and Bogoso gold mines in Ghana. The Company is engaged in the brownfield development projects at its Wassa and Prestea mines. The Wassa mine is located approximately 35 kilometers east of the town of Bogoso, Ghana. Wassa has a non-refractory processing plant (Wassa processing plant) consisting of a carbon-in-leach (CIL) system. Bogoso operates a gold ore processing facility, which uses bio-oxidation technology to treat refractory ore (Bogoso refractory plant). Bogoso also has a CIL processing facility located adjacent to the Bogoso refractory plant, which is used for treating non-refractory gold ores (Bogoso non-refractory plant). Through Bogoso, the Company owns the Prestea Underground Mine, which is located on the Prestea property.

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