TD Securities Lowers Guyana Goldfields Inc. (GUY) Price Target to C$9.00
Guyana Goldfields Inc. (TSE:GUY) had its target price cut by investment analysts at TD Securities from C$11.00 to C$9.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 38.25% from the stock’s current price.
GUY has been the topic of a number of other research reports. Scotiabank reaffirmed a “focus stock” rating and set a C$12.00 price target on shares of Guyana Goldfields in a report on Wednesday, August 17th. M Partners reaffirmed a “buy” rating on shares of Guyana Goldfields in a report on Monday, July 18th. 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. Finally, 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$9.15.
Guyana Goldfields (TSE:GUY) opened at 6.51 on Monday. The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 27.70. The firm’s 50 day moving average price is $7.59 and its 200-day moving average price is $8.34. 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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