Market Overview

UPDATE: BMO Capital Markets Lowers PT to $2 on Golden Star Resources; Focus Shifts to Operations, Opportunities

Related GSS
Benzinga's Top Upgrades, Downgrades For September 29, 2017
What's Going On With Gold Today?

BMO Capital Markets reduces its price target on Golden Star Resources (NYSE: GSS) from $2.25 to $2 and reiterates its Market Perform rating on shares.

BMO Capital Markets notes, "Golden Star completed a purchase and exchange transaction with certain holders of its 4.00% convertible senior unsecured debentures due November 30, 2012. …The transaction addresses the significant overhang from the pending maturity of the original debentures despite a challenging financing environment. The strengthened balance sheet should allow the company to focus on delivery of operational improvements and evaluation of potential growth opportunities."

GSS closed at $1.06 on Friday.

Latest Ratings for GSS

Nov 2017H.C. WainwrightInitiates Coverage OnBuy
Sep 2017DesjardinsInitiates Coverage OnBuy
Nov 2015BMO CapitalUpgradesUnderperformMarket Perform

View More Analyst Ratings for GSS
View the Latest Analyst Ratings

Posted-In: reduces its price target on Golden Star Resources (NYSE:Analyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (GSS)

View Comments and Join the Discussion!

Partner Center