Scotia Capital UnderPerfrom on Golden Star Resources

Scotia Capital is out with a research report on Golden Star Resources Ltd.

and it has a Sector Underperform rating and a $2 price target. In a note to clients, Scotia Capital writes, "At the Bogoso mine, production is off slightly due to lower-than-expected grades and downtime for crusher refurbishment. However, grades appear back to normal now and recoveries are higher as more fresh ore is fed into the plant." Shares of GSS closed at $2.33 yesterday.