Guyana Goldfields’ (TSE:GUY) Outperform Rating Reiterated at BMO Capital Markets

Guyana Goldfields Inc. (TSE:GUY)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a note issued to investors on Wednesday, August 2nd. They presently have a C$7.50 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 67.04% from the stock’s current price.

Several other equities research analysts have also issued reports on GUY. TD Securities decreased their price target 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. Royal Bank Of Canada decreased their price target on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Wednesday, August 2nd. Finally, Scotiabank restated an “outperform” rating and set a C$9.00 price target on shares of Guyana Goldfields in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a buy rating, Guyana Goldfields currently has an average rating of “Buy” and an average price target of C$7.38.

Shares of Guyana Goldfields (GUY) traded down 0.44% during midday trading on Wednesday, hitting $4.49. The stock had a trading volume of 372,857 shares. The company has a market cap of $776.93 million and a price-to-earnings ratio of 40.82. The stock’s 50-day moving average price is $5.21 and its 200 day moving average price is $6.26. Guyana Goldfields has a 52 week low of $4.10 and a 52 week high of $9.68.

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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.