BMO Capital Reiterates Their Hold Rating on Golden Star Resource

By Austin Angelo

The Materials sector company, Golden Star Resource (TSX: GSC), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from BMO Capital’s analyst Andrew Breichmanas, with a C$1.25 price target.

According to, Breichmanas is a 4-star analyst with an average return of 14.5% and a 51.1% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Randgold Resources Limited, Golden Star Resources Ltd, and Teranga Gold Corporation.

Golden Star Resource has an analyst consensus of Hold, with a price target consensus of C$1.25.

Based on Golden Star Resource’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$110 million and quarterly net profit of C$15.19 million. In comparison, last year the company earned revenue of C$71.06 million and had a net profit of C$4.6 million.

Golden Star Resources Ltd. engages in gold mining and exploration activities. It owns and operates the Wassa and Prestea mines situated in Ghana. Its business is carried out through the following segments: Wassa, Bogoso/Prestea, Other, and Corporate. The company was founded by David A. Fennell on May 15, 1992 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$1.09.