GEORGETOWN: Guyana Goldfields (TSE:GUY) had its target price boosted by Raymond James from C$4.50 to C$5.00 in a research note issued, AnalystRatings.Net reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 44.51% from the stock’s previous close.
GUY has been the topic of a number of other reports. TD Securities boosted their price target on shares of Guyana Goldfields from C$5.00 to C$5.50 and gave the company a “speculative buy” rating in a report on Tuesday, June 30th. Scotiabank lowered their price objective on shares of Guyana Goldfields from C$5.50 to C$5.25 in a research report on Tuesday, September 1st. Finally, BMO Capital Markets boosted 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Guyana Goldfields currently has an average rating of “Buy” and a consensus target price of C$5.15.
Shares of Guyana Goldfields (TSE:GUY) traded up 1.45% during trading on Friday, hitting $3.51. 120,294 shares of the company’s stock were exchanged. Guyana Goldfields has a 1-year low of $2.15 and a 1-year high of $4.48. The stock’s 50 day moving average is $3.88 and its 200 day moving average is $3.65. The firm’s market capitalization is $531.58 million.
In related news, insider Paul Murphy sold 40,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$3.87, for a total transaction of C$154,800.00. Also, Director Scott Andrew Caldwell bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were bought at an average price of C$3.56 per share, with a total value of C$35,600.00.
Guyana Goldfields Inc. (TSE:GUY) is a Canada-based mineral exploration company mainly focused on the exploration and development of gold deposits in the Guyana, South America. The business has one innovative development stage job, the Aurora project, located in Guyana. The business possesses a 100% interest. The Aurora Project has total proven and probable reserves of about 3.48 million ounces of gold. Guyana Goldfields additionally holds around contiguous 102,220 acre land package found in the Aranka district of Guyana, which is approximately near the northeast known as the Aranka Properties, and consists of numerous different properties. The wholly owned subsidiary company 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...
