GOLDEN STAR RESOURCES LTD is an AMEX listed security that has been trading in a range between $2.34 and $4.95 over the past year. With 233,190,800 shares outstanding, a recent price of $4.07 gives a total market capitalization of $930,431,294. While there are certainly larger companies, GOLDEN STAR RESOURCES LTD has definitely earned its place in the pack. Last year, GOLDEN STAR RESOURCES LTD created $0.16 in earnings for every share outstanding.
GOLDEN STAR RESOURCES LTD is currently priced by the market at 24.60 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, GOLDEN STAR RESOURCES LTD could be an interesting value proposition.
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