Golden Star Resources, Ltd (AMEX:GSS) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, GSS is expected to report 3Q20 income of $ 0.11 per share from revenue of $ 87.00 million.
For the full year, analysts anticipate top line of $ 310.13 million, while looking forward to income of $ 0.31 per share bottom line.
Previous Quarter Performance
Golden Star Resources, Ltd disclosed income for the second quarter of $ 0.09 per share, from the revenue of $ 85.63 million. The quarterly earnings boosted 800.00 percent compared with the same quarter last year. According to street consensus, GSS was expected to report 2Q20 income of $ 0.09 per share from revenue of $ 86.00 million. The top line results fell short of analysts by $ 0.37 million or 0.43 percent.
Stock Performance
Shares of Golden Star Resources, Ltd traded up $ 0.08 or 1.90 percent on Tuesday, reaching $ 4.30 with volume of 181.00 thousand shares. Golden Star Resources, Ltd has traded high as $ 4.34 and has cracked $ 4.19 on the downward trend
According to the previous trading day, closing price of $ 4.30, representing a 128.11 % increase from the 52 week low of $ 1.85 and a 18.85 % decrease over the 52 week high of $ 5.20.
The company has a market capital of $ 474.63 million and is part of the Basic Materials sector and Gold industry.
Recent Analyst recommendations
- On 2nd October 2020, maintained by HC Wainwright at Buy rating, with $ 6.25 target price.
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant located to the northeast of the town of Tarkwa, Ghana; and the Bogoso gold mining and processing operation, the Prestea open-pit mining operations, and the Prestea underground mine located near the town of Prestea, Ghana.
