Guyana Goldfields Inc. (TSE:GUY)‘s stock had its “outperform” rating restated by BMO Capital Markets in a report issued on Wednesday. They presently have a C$7.50 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 66.30% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. TD Securities reduced their price target on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada reduced their price target on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Scotiabank reiterated an “outperform” rating and set 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, Guyana Goldfields currently has a consensus rating of “Buy” and an average price target of C$7.38.
Guyana Goldfields (TSE:GUY) opened at 4.51 on Wednesday. Guyana Goldfields has a 52 week low of $4.10 and a 52 week high of $9.68. The company has a market capitalization of $779.35 million and a P/E ratio of 25.06. The company’s 50 day moving average price is $5.55 and its 200-day moving average price is $6.35.
In other news, Director Alan Louis Henry Ferry sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of C$6.03, for a total value 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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