Zacks Investment Research downgraded shares of GOLDEN STAR RES (GSS) from OUTPERFORM to NEUTRAL on January 02, 2014, with a target price of $0.50.
GOLDEN STAR RES is an un-hedged gold producer they own the Wassa gold project in Ghana and control a number of gold exploration properties in West Africa. The Company is well funded and has strong, operational focused management experienced in West Africa. The Company has become a producing gold company by consolidating a long-lived production base at Bogoso/Prestea in Ghana. Going forward, the Company will continue to focus on growing its gold business.
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