H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Golden Star Resources Ltd (GSS) today and set a price target of $5.30. The company’s shares closed last Monday at $2.81, close to its 52-week low of $2.43.
Ihle said:
“We maintain our Buy recommendation while increasing our price target to $5.30 per share from $4.40 per share. Our increased price target is a direct result of the aforementioned price deck revisions.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Star Resources Ltd with a $5.30 average price target.
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The company has a one-year high of $4.97 and a one-year low of $2.43. Currently, Golden Star Resources Ltd has an average volume of 860.1K.
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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 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.
