Guyana Goldfields Inc. (TSE:GUY) - Investment analysts at Clarus Securities reduced their FY2017 earnings per share estimates for Guyana Goldfields in a report released on Tuesday. Clarus Securities analyst J. Spratt now anticipates that the company will earn $0.23 per share for the year, down from their prior estimate of $0.34.
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Several other analysts have also commented on the stock. BMO Capital Markets set a C$7.50 price objective on shares of Guyana Goldfields and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities lowered their price target 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. Royal Bank Of Canada lowered 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 research report on Wednesday. Finally, Scotiabank reissued an “outperform” rating and issued a C$9.00 price target on shares of Guyana Goldfields in a research report on Tuesday, May 2nd. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$7.75.
Guyana Goldfields (TSE GUY) traded down 1.11% on Wednesday, reaching $4.45. 332,860 shares of the company’s stock traded hands. Guyana Goldfields has a 52-week low of $4.10 and a 52-week high of $9.68. The stock has a market cap of $768.98 million and a price-to-earnings ratio of 24.72. The company’s 50 day moving average is $5.55 and its 200-day moving average is $6.35.
In related news, Director Alan Louis Henry Ferry sold 27,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of C$6.03, for a total transaction of C$162,810.00.
About Guyana Goldfields
Guyana Goldfields Inc engages in the investment, acquisition, exploration, development, and operation of gold properties in Guyana, South America. It primarily owns a 100% interest in the Aurora gold project located in Guyana. The company also holds a contiguous 216,995 acre land package located in the Aranka district of Guyana.
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