Guyana Goldfields (GUY) Price Target Cut to C$3.25 by Analysts at TD Securities

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Guyana Goldfields (TSE:GUY) had its price target trimmed by TD Securities from C$4.00 to C$3.25 in a report published on Wednesday. The firm currently has a hold rating on the stock.

Separately, BMO Capital Markets downgraded Guyana Goldfields from an outperform rating to a market perform rating and cut their price target for the stock from C$5.00 to C$3.75 in a research note on Wednesday.

Shares of Guyana Goldfields stock traded up C$0.05 during midday trading on Wednesday, hitting C$1.82. The company had a trading volume of 1,081,283 shares, compared to its average volume of 644,318. Guyana Goldfields has a 52-week low of C$1.29 and a 52-week high of C$5.42.

Guyana Goldfields (TSE:GUY) last posted its quarterly earnings results on Monday, July 30th. The company reported C$0.01 earnings per share for the quarter, hitting the consensus estimate of C$0.01. The company had revenue of C$53.17 million for the quarter. Guyana Goldfields had a return on equity of 14.96% and a net margin of 22.82%.

In other Guyana Goldfields news, Director Scott Andrew Caldwell acquired 30,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were acquired at an average cost of C$2.92 per share, with a total value of C$87,600.00. Also, insider Christopher Stackhouse acquired 13,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average cost of C$3.87 per share, for a total transaction of C$50,310.00. Insiders purchased a total of 1,902,600 shares of company stock worth $5,582,126 over the last ninety days.

Guyana Goldfields Company Profile

Guyana Goldfields Inc engages in the investment, acquisition, exploration, development, and operation of gold properties in Guyana, South America. It primarily owns a 100% interest in the Aurora gold project located in Guyana. The company also holds a contiguous 216,995 acre land package located in the Aranka district of Guyana.

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