Shares of Guyana Goldfields Inc. (TSE:GUY) fell 2.8% during mid-day trading on Friday . The stock traded as low as C$5.06 and last traded at C$5.22. 606,747 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 832,446 shares. The stock had previously closed at C$5.08.
Several research firms have recently commented on GUY. BMO Capital Markets upped their target price on Guyana Goldfields from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Clarus Securities raised Guyana Goldfields from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada decreased their target price on Guyana Goldfields from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 28th. Five investment analysts have rated the stock with a buy rating, Guyana Goldfields currently has an average rating of “Buy” and an average price target of C$7.38.
The company has a market cap of $876.70, a PE ratio of 47.45 and a beta of -1.32.
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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