Guyana Goldfields Inc. (TSE:GUY) received a C$12.00 target price from analysts at Scotiabank in a report released on Monday. The brokerage presently has a a “focus stock” rating on the stock. Scotiabank’s target price points to a potential upside of 84.33% from the stock’s current price.

GUY has been the topic of several other research reports. RBC Capital Markets boosted their target price on Guyana Goldfields from C$8.00 to C$10.00 in a report on Monday, July 25th. TD Securities boosted their target price on Guyana Goldfields from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Royal Bank Of Canada dropped their target price on Guyana Goldfields from C$10.00 to C$8.00 in a report on Tuesday, July 26th. Finally, M Partners reissued a “buy” rating on shares of Guyana Goldfields in a report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Guyana Goldfields currently has a consensus rating of “Buy” and a consensus price target of C$9.15.

Analyst Recommendations for Guyana Goldfields (TSE:GUY)

Guyana Goldfields (TSE:GUY) opened at 6.51 on Monday. Guyana Goldfields has a 12 month low of $2.48 and a 12 month high of $10.35. The company has a 50 day moving average price of $7.59 and a 200 day moving average price of $8.34. The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 27.70.

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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