Guyana Goldfields (TSE:GUY) had its price objective lowered by stock analysts at Royal Bank Of Canada from C$8.00 to C$7.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 50.86% from the stock’s previous close.

Several other research analysts have also commented on the stock. BMO Capital Markets lifted their price target on shares of Guyana Goldfields from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Clarus Securities raised shares of Guyana Goldfields from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Scotiabank reduced their target price on shares of Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Finally, TD Securities reduced their target price on shares of Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$7.38.

Guyana Goldfields (GUY) traded down C$0.12 during midday trading on Tuesday, hitting C$4.64. 195,063 shares of the stock traded hands, compared to its average volume of 862,901. Guyana Goldfields has a 1-year low of C$3.96 and a 1-year high of C$8.11.

In related news, Director Scott Andrew Caldwell purchased 15,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were bought at an average cost of C$4.10 per share, for a total transaction of C$61,500.00. Also, insider Baupost Group L.L.C. The purchased 375,800 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average price of C$4.10 per share, for a total transaction of C$1,540,780.00. Insiders have acquired a total of 677,300 shares of company stock valued at $2,770,200 over the last three months.

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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.

Analyst Recommendations for Guyana Goldfields (TSE:GUY)

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