Guyana Goldfields Inc. (TSE:GUY) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$9.55.
GUY has been the subject of a number of research analyst reports. M Partners reaffirmed a “buy” rating on shares of Guyana Goldfields in a research note on Monday, July 18th. RBC Capital Markets upped their target price on shares of Guyana Goldfields from C$8.00 to C$10.00 in a research note on Monday, July 25th. Royal Bank Of Canada reduced their target price on shares of Guyana Goldfields from C$10.00 to C$8.00 in a research note on Tuesday, July 26th. TD Securities upped their target price on shares of Guyana Goldfields from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Finally, Scotiabank reaffirmed a “focus stock” rating and issued a C$12.00 target price on shares of Guyana Goldfields in a research note on Wednesday, August 17th.
Shares of Guyana Goldfields (TSE:GUY) opened at 7.05 on Tuesday. The company’s 50-day moving average price is $8.56 and its 200-day moving average price is $7.95. Guyana Goldfields has a 52-week low of $2.48 and a 52-week high of $10.35. The firm has a market capitalization of $1.18 billion and a P/E ratio of 30.00.
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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