Market Overview

UPDATE: Scotia Capital Markets Cuts PT to $2 on Golden Star Resources; High Costs Persist

Related GSS
Golden Star Announces Wassa Mine Feasibility Study Results
Golden Star Resources Announces Filing of PEA for Prestea Mine
Golden Star Resources' (GSS) CEO Sam Coetzer on Q2 2015 Results - Earnings Call Transcript (Seeking Alpha)

Scotia Capital Markets cuts its price target from $2.25 to $2 on Golden Star Resources (NYSE: GSS) as it reiterates its Sector Perform rating on shares.

Scotia Capital Markets comments, "Golden Star is trading at a discount to our conservative valuation, but we continue to rate the shares 2-Sector Perform. Until cash costs show signs of decreasing faster than the gold price, we would wait to accumulate a higher-than-average cost producer with so much leverage to the gold price."

GSS closed at $1.40 on Tuesday.

Latest Ratings for GSS

Jul 2015Canaccord GenuityDowngradesBuyHold
Jul 2013Canaccord GenuityDowngradesHoldSell
May 2013National BankDowngrades

View More Analyst Ratings for GSS
View the Latest Analyst Ratings

Posted-In: Scotia Capital MarketsAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (GSS)

Get Benzinga's Newsletters