H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Star Resources Ltd (NYSE: GSS) today and set a price target of $1. The company’s shares closed yesterday at $0.76.
Ihle said:
“We maintain our Buy rating and our $1.00 per share price target. Our valuation is based on a DCF of the Prestea and Wassa mines, utilizing a 9% discount rate for each. We also add cash and deduct debt to reach our overall NAV of $0.98 per share, which we round to the nearest $0.10 for a final $1.00 per share price target.”
According to TipRanks.com, Ihle is a 2-star analyst with an average return of 1.0% and a 33.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
Golden Star Resources Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $1.13.
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The company has a one-year high of $0.92 and a one-year low of $0.56. Currently, Golden Star Resources Ltd has an average volume of 943.1K.
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Golden Star Resources Ltd. engages in gold mining and exploration activities. It owns and operates the Wassa and Prestea mines situated in Ghana. It operates through the following business segments: Wassa, Bogoso or Prestea, Other, and Corporate. The company was founded by David A. Fennell on May 15, 1992 and is headquartered in Toronto, Canada.
