Guyana Goldfields Inc. (GUY) Stock Rating Upgraded by Clarus Securities
Guyana Goldfields Inc. (TSE:GUY) was upgraded by analysts at Clarus Securities from a “hold” rating to a “buy” rating in a report released on Tuesday. Clarus Securities also issued estimates for Guyana Goldfields’ FY2018 earnings at $0.66 EPS.
A number of other research analysts also recently weighed in on GUY. Royal Bank Of Canada reduced their target price on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. TD Securities reduced their target price on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. BMO Capital Markets upped their target price on Guyana Goldfields from C$7.50 to C$8.00 in a report on Monday, October 2nd. Finally, Scotiabank reduced their target price on Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Five analysts have rated the stock with a buy rating, Guyana Goldfields presently has a consensus rating of “Buy” and a consensus price target of C$7.50.
Shares of Guyana Goldfields (TSE GUY) opened at 4.90 on Tuesday. The firm has a 50-day moving average price of $4.48 and a 200-day moving average price of $5.52. The firm has a market cap of $847.88 million and a PE ratio of 44.55. Guyana Goldfields has a 52 week low of $3.96 and a 52 week high of $8.55.
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In other news, insider Baupost Group L.L.C. The bought 375,800 shares of Guyana Goldfields stock in a transaction on Wednesday, September 20th. The shares were purchased at an average price of C$4.10 per share, for a total transaction of C$1,540,780.00. Also, Director Scott Andrew Caldwell bought 10,000 shares of Guyana Goldfields stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of C$4.60 per share, for a total transaction of C$46,000.00. Insiders have acquired a total of 720,500 shares of company stock worth $2,962,116 in the last quarter.
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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