FY2017 EPS Estimates for Guyana Goldfields Inc. (GUY) Lowered by Analyst
Guyana Goldfields Inc. (TSE:GUY) – Equities research analysts at Clarus Securities reduced their FY2017 earnings per share estimates for Guyana Goldfields in a report issued on Wednesday. Clarus Securities analyst J. Spratt now forecasts that the company will earn $0.12 per share for the year, down from their prior estimate of $0.23. Clarus Securities has a “Buy” rating on the stock.
GUY has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Guyana Goldfields from C$7.50 to C$8.00 in a report on Monday, October 2nd. TD Securities reduced their target price on shares of 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. Scotiabank reduced their target price on shares of 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. Finally, Royal Bank Of Canada cut their price target on shares of 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. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$7.63.
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Shares of Guyana Goldfields (TSE GUY) opened at C$4.36 on Monday.
In other news, Director Scott Andrew Caldwell purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of C$4.60 per share, for a total transaction of C$46,000.00. Also, insider Baupost Group L.L.C. The purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were purchased at an average price of C$4.07 per share, for a total transaction of C$407,000.00. Insiders have purchased a total of 720,500 shares of company stock worth $2,962,116 over the last quarter.
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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