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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (91300)	9/10/2020 8:34:00 AM
From: Goose94	Read Replies (2) of 202767

Golden Star Resources (GSC-T) Desjardins Securities analyst Andrew Breichmanas thinks mid-tier gold producers are "poised to capitalize" on higher prices for the precious metals. Mr. Breichmanas says: "Gold producers are enjoying a period of strong free cash flow. ... Our preference is for companies that possess capable management teams, balance sheets that can withstand lower prices, and strong organic growth through development of advanced projects or exploration programs at existing assets." Mr. Breichmanas began coverage on Golden Star Resources ($6.04) with a "hold" rating and $6.25 share target. Analysts on average target the shares at $6.57. Mr. Breichmanas says in a note: "Wassa drill results warrant attention as there is potential to delineate a significant underground resource. However, ongoing debt repayments, maturity of convertible debentures in August, 2021, and potentially significant capital requirements will likely keep the focus on the balance sheet for now." BMO began coverage on Golden Star with a "market perform" rating. The shares could then be had for $3.44.

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