Guyana Goldfields Inc. Forecasted to Post FY2016 Earnings of $0.34 Per Share (GUY)
Guyana Goldfields Inc. (TSE:GUY) – Equities researchers at Clarus Securities upped their FY2016 earnings per share estimates for shares of Guyana Goldfields in a research report issued on Monday. Clarus Securities analyst J. Spratt now forecasts that the firm will earn $0.34 per share for the year, up from their prior estimate of $0.25. Clarus Securities also issued estimates for Guyana Goldfields’ FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.77 EPS.
Other analysts have also recently issued reports about the company. Royal Bank Of Canada dropped their price target on Guyana Goldfields from C$10.00 to C$8.00 in a research report on Tuesday, July 26th. RBC Capital Markets increased their price target on Guyana Goldfields from C$8.00 to C$10.00 in a research report on Monday, July 25th. TD Securities increased their price target on 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. Finally, Scotiabank set a C$12.00 price target on Guyana Goldfields and gave the stock a “focus stock” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$9.15.
Guyana Goldfields (TSE:GUY) opened at 6.14 on Wednesday. The stock has a 50 day moving average price of $7.59 and a 200-day moving average price of $8.34. Guyana Goldfields has a 12-month low of $2.48 and a 12-month high of $10.35. The firm has a market capitalization of $1.03 billion and a PE ratio of 26.13.
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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