TSX:GSC

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Golden Star Resources

Executive Summary

Golden Star Resources Ltd. operates as a gold mining and exploration company. More Details


Snowflake Analysis

Moderate growth potential with worrying balance sheet.


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

Stable Share Price: GSC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.8%

GSC

-6.7%

CA Metals and Mining

-2.3%

CA Market


1 Year Return

37.7%

GSC

46.2%

CA Metals and Mining

-8.6%

CA Market

Return vs Industry: GSC underperformed the Canadian Metals and Mining industry which returned 46.2% over the past year.

Return vs Market: GSC exceeded the Canadian Market which returned -8.6% over the past year.


Shareholder returns

GSCIndustryMarket
7 Day-10.8%-6.7%-2.3%
30 Day-8.5%-3.8%-4.5%
90 Day52.7%11.7%5.7%
1 Year37.7%37.7%47.2%46.2%-5.5%-8.6%
3 Year17.1%17.1%52.0%49.1%5.8%-4.4%
5 Year287.6%287.6%166.9%158.9%38.3%17.1%

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

Valuation

Is Golden Star Resources undervalued compared to its fair value and its price relative to the market?

7.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GSC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GSC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GSC is unprofitable, so we can't compare its PE Ratio to the CA 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 (7.6x) compared to the CA Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Golden Star Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

143.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GSC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: GSC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GSC's is expected to become profitable in the next 3 years.

Revenue vs Market: GSC's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: GSC's revenue is forecast to decline over the next 3 years (-2.8% 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?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSC is currently unprofitable.

Growing Profit Margin: GSC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GSC is unprofitable, but has reduced losses over the past 5 years at a rate of 22.6% 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 (56.4%).


Return on Equity

High ROE: GSC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Golden Star Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GSC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GSC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GSC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GSC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: GSC has sufficient cash runway for more than a year 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

Notable Dividend: Unable to evaluate GSC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GSC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Andrew Wray (56 yo)

1.33yrs

Tenure

US$1,706,458

Compensation

Mr. Andrew Wray has been the Chief Executive Officer of Golden Star Resources Limited since May 01, 2019 and serves as its President. Mr. Wray served as the President of Golden Star Resources Limited from ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.71M) is above average for companies of similar size in the Canadian market ($USD952.93K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Wray
President1.33yrsUS$1.71m0.065%
$ 401.8k
Graham Crew
Executive VP & COO1.17yrsUS$885.73kno data
Paul Thomson
Executive VP & CFO0.58yrno datano data
Matthew Varvari
Vice President of Technical Services0.58yrno datano data
Nathalie Haddad
Executive VP & Head of People1yrno datano data
Peter Spora
Executive Vice President of Growth & Exploration0.83yrno data0.027%
$ 168.6k
Philipa Varris
Executive VP & Head of Sustainability0.67yrno datano data
Michael Stoner
Investor Relations & Business Developmentno datano datano data

0.8yrs

Average Tenure

50yo

Average Age

Experienced Management: GSC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andrew Wray
President1.33yrsUS$1.71m0.065%
$ 401.8k
Robert Doyle
Independent Director10.58yrsUS$147.50k0.018%
$ 112.4k
Craig Nelsen
Independent Director9.33yrsUS$60.00k0.046%
$ 283.2k
Anu Dhir
Independent Director6.58yrsUS$142.50k0.046%
$ 286.4k
Gilmour Clausen
Independent Director4.17yrsUS$143.33k0.031%
$ 191.1k
Karim Nasr
Independent Director0.58yrno datano data
Timothy Baker
Independent Chairman7.67yrsUS$239.33k0.065%
$ 400.2k
Ani Markova
Independent Director1yrUS$88.67k0.0091%
$ 56.2k
Mona Quartey
Independent Director3.33yrsUS$135.00kno data
Yousriya Nassef Onsi Sawiris
Independent Non-Executive Director4.83yrsno datano data

4.5yrs

Average Tenure

56yo

Average Age

Experienced Board: GSC's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GSC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$617.995m
  • Shares outstanding: 109.96m
  • Website: https://www.gsr.com

Number of Employees


Location

  • Golden Star Resources Ltd.
  • 333 Bay Street
  • Suite 2400
  • Toronto
  • Ontario
  • M5H 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSSAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJul 1987
GSCTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 1987
GSRGHSE (Ghana Stock Exchange)YesCommon SharesGHGHSJul 1987
GS51DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1987
GS51BST (Boerse-Stuttgart)YesCommon SharesDEEURJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:45
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.