FY2017 EPS Estimates for Guyana Goldfields Inc. Reduced by Cormark (GUY)
Guyana Goldfields Inc. (TSE:GUY) – Research analysts at Cormark lowered their FY2017 earnings per share estimates for Guyana Goldfields in a note issued to investors on Wednesday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.23 per share for the year, down from their previous estimate of $0.26. Cormark also issued estimates for Guyana Goldfields’ FY2019 earnings at $0.19 EPS.
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GUY has been the subject of several other reports. BMO Capital Markets boosted their target price on Guyana Goldfields from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Wednesday. Clarus Securities upgraded Guyana Goldfields from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Scotiabank cut their price objective on Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. TD Securities cut their price objective on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada cut their price objective on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of C$7.63.
In other news, Director Scott Andrew Caldwell bought 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of C$4.38 per share, for a total transaction of C$43,800.00. Also, insider Baupost Group L.L.C. The bought 186,500 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was purchased at an average price of C$4.08 per share, for a total transaction of C$760,920.00. Insiders have bought a total of 720,500 shares of company stock worth $2,962,116 in the last quarter.
Guyana Goldfields Company Profile
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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