Golden Star Resources, Ltd. (GSS) saw a big move last session, as the company’s shares fell by around 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GSS, as the stock is now down nearly 16% in the past one-month time frame.
Although this slump was obviously disappointing, this gold mining company has seen 2 positive revisions and its current year loss consensus has narrowed down over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for GSS. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
GSS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Basic Materials sector include Innospec Inc. (IOSP), Mercer International Inc. (MERC) and Minerals Technologies Inc. (MTX). All these stocks hold a Zacks Rank #1 (Strong Buy).
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