Guyana Goldfields Inc. (GUY) PT Raised to C$8.00 at BMO Capital Markets
Guyana Goldfields Inc. (TSE:GUY) had its price objective boosted by equities research analysts at BMO Capital Markets from C$7.50 to C$8.00 in a report released on Monday. BMO Capital Markets’ target price would suggest a potential upside of 84.76% from the stock’s previous close.
A number of other brokerages have also recently weighed in on GUY. Royal Bank Of Canada decreased their price target on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Wednesday, August 2nd. TD Securities lowered their price objective on shares of Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. Finally, Scotiabank lowered their price objective on shares of Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$7.50.
Guyana Goldfields (TSE GUY) opened at 4.33 on Monday. The firm has a market cap of $749.25 million and a PE ratio of 39.36. The stock has a 50 day moving average price of $4.45 and a 200 day moving average price of $5.60. Guyana Goldfields has a one year low of $3.96 and a one year high of $9.05.
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In other news, Director Scott Andrew Caldwell acquired 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of C$4.38 per share, with a total value of C$43,800.00. Also, insider Baupost Group L.L.C. The acquired 375,800 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of C$4.10 per share, for a total transaction of C$1,540,780.00. Over the last ninety days, insiders have acquired 705,500 shares of company stock valued at $2,900,616.
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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