The stock of Golden Star Resources Ltd. (NYSE:GSS) is now priced at $4.85 and the shares are -0.07 points down or -1.42% lower compared to its previous closing price of $4.92. The stock had 1.177 million contracts set over the past session. GSS shares’ daily volume is compared to its average trading volume at 0.801 million shares. However, it has a float of 71.18 million and although its performance was 7.78% over the week, it’s one to watch. Analysts have given the GSS stock a yearly average price target of $4.86 per share. It means the stock’s upside potential is 0.21% with the GSS share price recently placing at $4.73 to $4.91. However, some brokerage firms have priced the stock below the average, including one that has called $4.
The shorts are running away from the Golden Star Resources Ltd. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the GSS shares have declined. Short interest in the stock represents just 3.2% of its float, but the volume has dropped by 0.
In the last trading session, Golden Star Resources Ltd. (NYSE:GSS) raised by $0.35 over the week and gained $1.98 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $4.93. The stock recorded its established 52-week high on 08/06/20.
Since 03/16/20, the stock has traded to a low of $1.85 at 162.16%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.72. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Golden Star Resources Ltd.’s two-week RSI is 81.58. This suggests that the stock is oversold at the moment and that GSS shares’ price movement remains not stable. The stochastic readings are equally revealing at 96.43% meaning the GSS share price is currently in oversold territory.
The technical chart shows that the GSS stock will likely settle at between $4.93 and $5.01 per share. However, if the stock dips below $4.75, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $4.65.
Currently, the stock is trading in the green of MACD, with a reading of 0.33. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned GSS a rating of Market Perform in their intiating review released on April 09. National Bank Financial analysts see the stock as a Outperform in a flash note released to investors on January 30 initiating covering the stock. Credit Suisse seeing the improvements upgraded the stock from Underperform to Neutral on January 26.
The average rating for the GSS equity is 2.6 and is currently gathering a bullish momentum. Of 5 analysts tracking Golden Star Resources Ltd. polled by Reuters, 1 rated GSS as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the GSS stock price is 9.74X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 25. Golden Star Resources Ltd. has its P/E ratio at 8.8, which means that the stock is currently trading at a premium relative to the 2.9 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Golden Star Resources Ltd. (NYSE:GSS) will decrease by about -99.89%, which will see them reach $94 million. The company’s full-year revenues are, however, expected to increase by about 15.45%, up from $264.7 million to $305.6 million. GSS’s expected adjusted earnings should surge almost 450% to end up at $0.11 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 81.25% to record $0.29/share.