Golden Star Resources Ltd. (GSC.TO) reported second quarter earnings below Street estimates and Raymond James analyst Brad Humphrey believes the company will continue to struggle to control costs over the next several quarters, the Globe and Mail reported. "Although there was some modest improvement on the operating front quarter over quarter, we are maintaining our wait and see stance on Golden Star, and given we do not view the risk/return ratio as favourable at current levels, we are maintaining our 'market perform' rating."
Humphrey cut his price target to $3 from $3.65 (U.S.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
