BMO Capital Markets Increases Guyana Goldfields Inc. (GUY) Price Target to C$8.00
A number of other equities research analysts also recently issued reports on the stock. TD Securities cut their price objective on shares of Guyana Goldfields from C$8.50 to C$6.50 and set a buy rating for the company in a research report on Wednesday, August 2nd. Scotiabank cut their price objective on shares of Guyana Goldfields from C$9.00 to C$7.50 and set an outperform rating for the company in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada cut their price objective on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an outperform rating for the company in a research report on Wednesday, August 2nd. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of C$7.50.
Shares of Guyana Goldfields (TSE GUY) opened at 4.54 on Monday. Guyana Goldfields has a 52-week low of $3.96 and a 52-week high of $9.05. The firm’s 50 day moving average price is $4.45 and its 200 day moving average price is $5.59. The stock has a market cap of $785.58 million and a P/E ratio of 41.27.
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In other news, Director Scott Andrew Caldwell bought 10,000 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of C$4.38 per share, for a total transaction of C$43,800.00. Also, Director Patrick John Sheridan bought 13,200 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average price of C$4.38 per share, for a total transaction of C$57,816.00. In the last three months, insiders have bought 720,500 shares of company stock valued at $2,962,116.
About Guyana Goldfields
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.
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