Executive Summary
Golden Star Resources Ltd. operates as a gold mining and exploration company.
Snowflake
Fundamentals
Slightly overvalued with concerning outlook.
Similar Companies
Share Price & News
How has Golden Star Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.3%
GSC
0.5%
CA Metals and Mining
0.2%
CA Market
1 Year Return
-16.8%
GSC
15.0%
CA Metals and Mining
3.5%
CA Market
Return vs Industry: GSC underperformed the Canadian Metals and Mining industry which returned 15% over the past year.
Return vs Market: GSC underperformed the Canadian Market which returned 3.5% over the past year.
Shareholder returns
| GSC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 0.5% | 0.2% |
| 30 Day | -16.3% | -8.9% | -3.3% |
| 90 Day | -29.0% | -8.0% | -1.9% |
| 1 Year | -16.8%-16.8% | 15.9%15.0% | 7.3%3.5% |
| 3 Year | -34.3%-34.3% | -11.6%-13.2% | 14.7%4.4% |
| 5 Year | 126.7%126.7% | 15.4%11.6% | 26.2%7.7% |
Price Volatility Vs. Market
How volatile is Golden Star Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
If You Had Bought Golden Star Resources (TSE:GSC) Shares Five Years Ago You'd Have Made 87%1 month ago | Simply Wall St
The CEO & Director of Golden Star Resources Ltd. (TSE:GSC), Andrew Wray, Just Bought More Shares1 month ago | Simply Wall St
Does The Golden Star Resources Ltd. (TSE:GSC) Share Price Tend To Follow The Market?Valuation
Is Golden Star Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GSC (CA$3.91) is trading below our estimate of fair value (CA$15.18)
Significantly Below Fair Value: GSC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GSC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: GSC is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GSC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GSC is overvalued based on its PB Ratio (3.1x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Golden Star Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
88.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: GSC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: GSC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: GSC's revenue (9.4% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: GSC's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GSC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Golden Star Resources performed over the past 5 years?
56.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: GSC is unprofitable, but has reduced losses over the past 5 years at a rate of 56.9% per year.
Accelerating Growth: Unable to compare GSC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GSC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).
Return on Equity
High ROE: GSC has a negative Return on Equity (-96.6%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: GSC is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: GSC is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Golden Star Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GSC's short term assets ($113.4M) do not cover its short term liabilities ($132.4M)
Long Term Liabilities: GSC's short term assets (113.4M) do not cover its long term liabilities (244.7M)
Debt to Equity History and Analysis
Debt Level: GSC's debt to equity ratio (312.2%) is considered high
Reducing Debt: GSC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Inventory Level: GSC has a high level of physical assets or inventory.
Debt Coverage by Assets: GSC's debt is covered by short term assets (assets are 1.182830x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if GSC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GSC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Golden Star Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate GSC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GSC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if GSC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GSC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GSC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Golden Star Resources's salary, the management and board of directors tenure and is there insider trading?
0.7yrs
Average management tenure
CEO
Andrew Wray (55yo)
0.4yrs
Tenure
US$63,367
Compensation
Mr. Andrew Wray has been the Chief Executive Officer of Golden Star Resources Limited since May 01, 2019. Mr. Wray served as the President of Golden Star Resources Limited from May 01, 2019 to July 8, 2019Â ...
Management Age and Tenure
0.7yrs
Average Tenure
54yo
Average Age
Experienced Management: GSC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Age and Tenure
3.3yrs
Average Tenure
62yo
Average Age
Experienced Board: GSC's board of directors are considered experienced (3.3 years average tenure).
Insider Trading
Insider Buying: GSC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 51,000 |
| Max Price | US$4.12 |
| Entity | Individual |
| Shares | 34,000 |
| Max Price | US$4.01 |
| Entity | Individual |
| Shares | 68,000 |
| Max Price | US$3.94 |
| Entity | Individual |
| Shares | 1,050,139 |
| Max Price | US$2.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | US$4.18 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,900 |
| Max Price | US$4.19 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 37,500 |
| Max Price | US$4.24 |
| Entity | Individual |
| Role | Chairman of the Board Chair of the Board |
| Shares | 10,500 |
| Max Price | US$3.87 |
| Entity | Individual |
| Role | Senior Key Executive Vice President of Exploration |
| Shares | 5,000 |
| Max Price | US$4.41 |
| Entity | Individual |
| Role | Chairman of the Board Chair of the Board |
| Shares | 11,000 |
| Max Price | US$5.48 |
| Entity | Individual |
| Role | President President |
| Shares | 28,160 |
| Max Price | US$5.61 |
| Entity | Individual |
| Shares | 15,000 |
| Max Price | US$4.14 |
| Entity | Individual |
| Shares | 17,000 |
| Max Price | US$4.27 |
Ownership Breakdown
Management Team
Daniel Monney Owiredu (61yo)
President
- Tenure: 0.3yrs
- Compensation: US$1.11m
Mitch Wasel (54yo)
Vice President of Exploration
- Tenure: 12.1yrs
- Compensation: US$1.29m
Andrew Wray (55yo)
CEO & Director
- Tenure: 0.4yrs
- Compensation: US$63.37k
Jason Brooks
VP & Controller
- Tenure: 5.5yrs
Pieter van Niekerk (42yo)
Executive VP & CFO
- Tenure: 5.5yrs
- Compensation: US$764.29k
Tania Shaw
Vice President of Investor Relations & Corporate Affairs
- Tenure: 0.8yrs
Graham Crew (49yo)
Executive VP & COO
- Tenure: 0.3yrs
- Compensation: US$63.37k
Robert Vallis
Senior Vice President of Corporate Development
- Tenure: 0.7yrs
Board Members
Rob Doyle (64yo)
Independent Director
- Tenure: 7.7yrs
- Compensation: US$147.50k
Craig Nelsen (67yo)
Independent Director
- Tenure: 8.4yrs
- Compensation: US$145.00k
Naguib Onssy Sawiris (65yo)
Director
- Tenure: 0.4yrs
Anu Dhir (47yo)
Independent Director
- Tenure: 5.7yrs
- Compensation: US$147.50k
Gil Clausen (62yo)
Director
- Tenure: 3.3yrs
- Compensation: US$140.00k
Tim Baker (67yo)
Chair of the Board
- Tenure: 6.8yrs
- Compensation: US$236.00k
Ani Markova (49yo)
Director
- Tenure: 0.08yrs
Andrew Wray (55yo)
CEO & Director
- Tenure: 0.4yrs
- Compensation: US$63.37k
Mona Quartey (55yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$135.00k
Company Information
Golden Star Resources Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Golden Star Resources Ltd.
- Ticker: GSC
- Exchange: TSX
- Founded: 1992
- Industry: Gold
- Sector: Materials
- Market Cap: CA$427.146m
- Shares outstanding: 109.24m
- Website: https://www.gsr.com
Number of Employees
Location
- Golden Star Resources Ltd.
- 150 King Street West
- Suite 1200
- Toronto
- Ontario
- M5H 1J9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GSS | AMEX (NYSE MKT LLC) | Yes | Common Shares | US | USD | Jul 1987 |
| GSC | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jul 1987 |
| GS5 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1987 |
| GS51 | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Jul 1987 |
Biography
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground mine, and a carbon-in-leach processing plant  ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:35 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.