GEORGETOWN: Guyana Goldfields (TSE:GUY) had its price objective dropped by TD Securities from C$5.50 to C$4.00 in a research report issued on Tuesday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 35.14% from the stock’s previous close.
Shares of Guyana Goldfields (TSE:GUY) traded down 8.78% during trading on Tuesday, reaching $2.70. The company had a trading volume of 304,201 shares. The firm has a 50-day moving average of $3.40 and a 200 day moving average of $3.66. The firm’s market capitalization is $408.91 million. Guyana Goldfields has a 1-year low of $2.19 and a 1-year high of $4.48.
Other equities analysts also recently issued research reports about the stock. RBC Capital reiterated an “outperform” rating and set a C$5.00 target price on shares of Guyana Goldfields in a research note on Thursday, October 22nd. Scotiabank lowered their price target on shares of Guyana Goldfields from C$5.25 to C$4.50 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. BMO Capital Markets raised their target price on shares of Guyana Goldfields from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Raymond James increased their price target on shares of Guyana Goldfields from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$4.70.
In related news, insider Paul Murphy sold 20,000 shares of Guyana Goldfields stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$4.22, for a total value of C$84,400.00. Also, Director Scott Andrew Caldwell acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average price of C$3.56 per share, for a total transaction of C$35,600.00.
Guyana Goldfields Inc. (TSE:GUY) is a Canada-based mineral exploration company primarily focused on the exploration and development of gold deposits in the Guyana, South America. The business has one complex development phase job, the Aurora project, located in Guyana. The Company possesses a 100% interest in the Aurora Project. The Aurora Project has total proven and probable reserves of about 3.48 million ounces of gold. Guyana Goldfields additionally holds about contiguous 102,220 acre acreage bundle found in the Aranka district of Guyana, which consists, and known as the Aranka Properties is roughly near the northeast of the Aurora Project of numerous separate properties. The wholly owned subsidiary is AGM Inc. of the Company
Guyana Gold Board reopens Bartica office
GEORGETOWN: Government reopened the Guyana Gold Board (GGB) office in Bartica, Region Seven, more than a year after closing it...
