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Golden Star Resources, Ltd (GSS) [hlAlert]

Rating:
Sector Underperform
GSS
up 321.05 %

Golden Star Resources, Ltd (GSS) downgraded to Sector Underperform by CIBC Wrld Mkts

Posted on: Friday,  May 10, 2013  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Underperform Golden Star Resources, Ltd (AMEX: GSS) on 05/10/2013, when the stock price was
$0.80. Since then, Golden Star Resources, Ltd has lost 76.25% as of 08/27/2015's recent price of $0.19.
If you would have followed this CIBC Wrld Mkts's recommendation on GSS, you would have gained 321.05% of your investment in 839 days.

Golden Star Resources Ltd. (Golden Star) is an international gold mining and exploration company that produces gold in Ghana, West Africa. Through its subsidiaries, it owns a controlling interest in four significant gold properties in southern Ghana: The Bogoso/Prestea property, Wassa property, Prestea Underground property and Hwini-Butre and Benso concessions (HBB Properties). At December 31, 2008, Bogoso/Prestea and Wassa produced and sold 126,026 and 125,427 ounces of gold, respectively. Bogoso/Prestea had proved and probable mineral reserves of 23.8 million tons containing approximately 2.4 million ounces of gold. Wassa, including the HBB properties, had proved and probable mineral reserves of 11.7 million tons containing approximately 0.9 million ounces of gold.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/10/2013 8:25 AM Sell
None
0.80
as of 12/13/2013
1 Week up  2.17 %
1 Month up  11.76 %
3 Months up  6.25 %
1 YTD up  43.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2007 9:25 AM Hold
None
4.17 5.00

(*) Stock Price at the time of the recommendation.
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