H.C. Wainwright Reiterates Their Buy Rating on Golden Star Resources Ltd (GSS)


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Golden Star Resources Ltd (GSS), with a price target of $4. The company’s shares closed yesterday at $3.31.

Ihle commented:

“We maintain our Buy rating and our per share PT of $4.00. Our valuation is based on a DCF of the Prestea and Wassa mines, utilization a 9% discount rate for each which is in-line for similar assets that carry equal geopolitical risks. We also add cash and subtract debt to reach our overall NAV for the firm.”

According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.4% and a 21.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Endeavour Silver Corp.

Golden Star Resources Ltd has an analyst consensus of Strong Buy, with a price target consensus of $4.

See today’s analyst top recommended stocks >>

Golden Star Resources Ltd’s market cap is currently $259M and has a P/E ratio of 158.14. The company has a Price to Book ratio of -135.46.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts