H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Star Resources Ltd (NYSE MKT: GSS) today and set a price target of $1.20. The company’s shares closed yesterday at $0.67.
Ihle commented:
“We maintain our Buy rating and reduce our PT to $1.20 per share from $1.30 per share. Our reduced PT resulted from a reduction to our 2018 production estimate at a slight increase to our 2018 operating cost estimate at the mine.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.4% and a 40.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
Currently, the analyst consensus on Golden Star Resources Ltd is a Moderate Buy with an average price target of $1.20.
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Golden Star Resources Ltd’s market cap is currently $253.7M and has a P/E ratio of 6.48. The company has a Price to Book ratio of 35.88.
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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.
