Clarus Securities Weighs in on Guyana Goldfields Inc.’s FY2018 Earnings (GUY)
Guyana Goldfields Inc. (TSE:GUY) – Clarus Securities lowered their FY2018 EPS estimates for Guyana Goldfields in a report issued on Tuesday. Clarus Securities analyst J. Spratt now expects that the company will post earnings of $0.66 per share for the year, down from their previous forecast of $0.69. Clarus Securities currently has a “Buy” rating on the stock.
Several other research analysts have also recently weighed in on the stock. Scotiabank dropped their price objective on shares of Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. BMO Capital Markets restated an “outperform” rating and issued a C$7.50 price objective on shares of Guyana Goldfields in a research report on Wednesday, August 2nd. TD Securities dropped their price objective on shares of Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$7.50.
Shares of Guyana Goldfields (GUY) traded down 1.43% during trading on Wednesday, reaching $4.83. The company’s stock had a trading volume of 239,302 shares. The company’s 50-day moving average is $4.48 and its 200-day moving average is $5.52. Guyana Goldfields has a 12 month low of $3.96 and a 12 month high of $8.55. The company has a market capitalization of $835.76 million and a P/E ratio of 43.91.
In other Guyana Goldfields news, insider Baupost Group L.L.C. The bought 186,500 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was bought at an average price of C$4.08 per share, for a total transaction of C$760,920.00. Also, Director Scott Andrew Caldwell bought 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of C$4.38 per share, with a total value of C$43,800.00. Insiders purchased a total of 720,500 shares of company stock valued at $2,962,116 in the last 90 days.
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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