Clarus Securities Weighs in on Guyana Goldfields Inc.’s FY2017 Earnings (GUY)
Guyana Goldfields Inc. (TSE:GUY) – Stock analysts at Clarus Securities boosted their FY2017 earnings estimates for Guyana Goldfields in a research report issued on Friday. Clarus Securities analyst J. Spratt now forecasts that the brokerage will post earnings of $0.42 per share for the year, up from their prior forecast of $0.41. Clarus Securities also issued estimates for Guyana Goldfields’ FY2018 earnings at $0.46 EPS.
A number of other research firms have also recently commented on GUY. Scotiabank reissued a “focus stock” rating and issued a C$12.00 target price on shares of Guyana Goldfields in a report on Wednesday, August 17th. TD Securities raised their price objective on shares of Guyana Goldfields from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, August 12th. M Partners reiterated a “buy” rating on shares of Guyana Goldfields in a report on Monday, July 18th. RBC Capital Markets raised their price objective on shares of Guyana Goldfields from C$8.00 to C$10.00 in a report on Monday, July 25th. Finally, Royal Bank Of Canada dropped their price objective on shares of Guyana Goldfields from C$10.00 to C$8.00 in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$9.55.
Guyana Goldfields (TSE:GUY) opened at 6.53 on Monday. Guyana Goldfields has a 12-month low of $2.48 and a 12-month high of $10.35. The firm has a market cap of $1.09 billion and a PE ratio of 27.79. The stock has a 50 day moving average of $7.71 and a 200 day moving average of $8.33.
Guyana Goldfields Company Profile
Guyana Goldfields Inc (Guyana Goldfields) is a Canada-based mineral development and exploration company primarily focused on the acquisition, exploration and development of gold deposits in Guyana, South America. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana.
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