Guyana Goldfields Inc. (TSE:GUY) had its price objective lowered by equities research analysts at Scotiabank from C$9.00 to C$7.50 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 66.67% from the company’s current price.
Several other equities research analysts have also commented on GUY. Royal Bank Of Canada reduced their price objective on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Wednesday. TD Securities dropped 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 report on Wednesday. Finally, BMO Capital Markets set a C$7.50 target price on shares of Guyana Goldfields and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$7.38.
Guyana Goldfields (TSE:GUY) traded down 0.67% during mid-day trading on Thursday, reaching $4.47. The company’s stock had a trading volume of 802,147 shares. Guyana Goldfields has a 12-month low of $4.10 and a 12-month high of $9.68. The company has a 50-day moving average price of $5.55 and a 200-day moving average price of $6.35. The firm has a market cap of $772.43 million and a PE ratio of 24.83.
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In related news, Director Alan Louis Henry Ferry sold 27,000 shares of Guyana Goldfields 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.
Guyana Goldfields Company Profile
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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