Guyana Goldfields Inc. (GUY) Rating Increased to Buy at Clarus Securities

Guyana Goldfields Inc. (TSE:GUY) was upgraded by Clarus Securities from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other equities analysts have also issued research reports about the stock. Scotiabank dropped their price target on shares of Guyana Goldfields from C$12.00 to C$11.00 and set a “focus stock” rating for the company in a research report on Monday, November 14th. TD Securities decreased their price objective on shares of Guyana Goldfields from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Guyana Goldfields in a research note on Thursday, November 17th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Guyana Goldfields currently has a consensus rating of “Buy” and an average price target of C$8.95.

Analyst Recommendations for Guyana Goldfields (TSE:GUY)

Guyana Goldfields (TSE:GUY) traded down 2.65% during trading on Tuesday, hitting $6.25. 728,953 shares of the company were exchanged. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 20.83. Guyana Goldfields has a 12 month low of $3.24 and a 12 month high of $10.35. The company has a 50-day moving average of $5.53 and a 200-day moving average of $7.70.

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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.

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