Guyana Goldfields Inc. to Post Q3 2017 Earnings of $0.05 Per Share, Cormark Forecasts (GUY)
Guyana Goldfields Inc. (TSE:GUY) – Stock analysts at Cormark dropped their Q3 2017 earnings per share (EPS) estimates for Guyana Goldfields in a research note issued on Monday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.10.
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Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a C$7.50 price objective on shares of Guyana Goldfields in a research note on Wednesday, August 2nd. Scotiabank reduced 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 note on Thursday, August 3rd. TD Securities reduced 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 note on Wednesday, August 2nd. Finally, Clarus Securities upgraded shares of Guyana Goldfields from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$7.50.
Guyana Goldfields (TSE GUY) opened at 4.62 on Tuesday. The company’s 50-day moving average is $4.52 and its 200 day moving average is $5.47. The company has a market capitalization of $799.43 million and a P/E ratio of 42.00. Guyana Goldfields has a one year low of $3.96 and a one year high of $8.55.
In related news, Director Scott Andrew Caldwell bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of C$4.60 per share, with a total value of C$46,000.00. Also, insider Baupost Group L.L.C. The bought 100,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was bought at an average cost of C$4.07 per share, with a total value of C$407,000.00. Insiders bought 720,500 shares of company stock valued at $2,962,116 in the last three months.
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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