M Partners Weighs in on Guyana Goldfields Inc.’s FY2016 Earnings (GUY)
Guyana Goldfields Inc. (TSE:GUY) – M Partners dropped their FY2016 EPS estimates for Guyana Goldfields in a report released on Friday. M Partners analyst S. Mcdougall now forecasts that the firm will post earnings of $0.35 per share for the year, down from their previous forecast of $0.36. M Partners currently has a “Buy” rating on the stock. M Partners also issued estimates for Guyana Goldfields’ FY2018 earnings at $0.69 EPS.
GUY has been the topic of several other research reports. 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. RBC Capital Markets boosted their target price on shares of Guyana Goldfields from C$8.00 to C$10.00 in a report on Monday, July 25th. Royal Bank Of Canada lowered their target price on shares of Guyana Goldfields from C$10.00 to C$8.00 in a report on Tuesday, July 26th. Finally, TD Securities boosted their price target on shares of Guyana Goldfields from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$9.55.
Shares of Guyana Goldfields (TSE:GUY) opened at 6.53 on Monday. The stock has a 50 day moving average of $7.71 and a 200 day moving average of $8.33. The stock has a market capitalization of $1.09 billion and a PE ratio of 27.79. Guyana Goldfields has a 52-week low of $2.48 and a 52-week high of $10.35.
About Guyana Goldfields
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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