Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Why Golden Star Resources (GSS) Could Be Positioned for a Surge

Golden Star Resources, Ltd. GSS is a gold mining and exploration companythat could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GSS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Golden Star Resources could be a solid choice for investors.

Current Quarter Estimates for GSS

In the past 30 days, 1 estimate has gone higher for Golden Star Resources while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 2 cents 30 days ago, to a gain of a penny today, a significant move.

Current Year Estimates for GSS

Meanwhile, Golden Star Resources current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, with estimates narrowing from a loss of 5 cents 30 days ago, to a breakeven today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 58.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
GOLDEN STAR RES (GSS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research