Guyana Goldfields Inc. (TSE:GUY) has received an average rating of “Buy” from the eight ratings firms that are presently covering the firm. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$7.85.
Guyana Goldfields (TSE:GUY) traded up 3.47% on Wednesday, reaching $8.34. 512,170 shares of the company traded hands. The stock has a 50 day moving average of $8.98 and a 200-day moving average of $6.31. Guyana Goldfields has a 1-year low of $2.48 and a 1-year high of $10.35. The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 46.85.
GUY has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Guyana Goldfields in a report on Tuesday, April 19th. Raymond James Financial Inc. lowered shares of Guyana Goldfields from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$6.25 to C$6.75 in a report on Wednesday, April 20th. Scotiabank upped their target price on shares of Guyana Goldfields from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday, April 6th. M Partners reaffirmed a “buy” rating on shares of Guyana Goldfields in a report on Monday, July 18th. Finally, RBC Capital Markets upped their target price on shares of Guyana Goldfields from C$8.00 to C$10.00 in a report on Monday.
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.
