Guyana Goldfields Inc. (TSE:GUY) – Equities researchers at Clarus Securities lowered their FY2018 earnings per share estimates for shares of Guyana Goldfields in a research report issued on Wednesday. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.54 for the year, down from their prior estimate of $0.66. Clarus Securities currently has a “Buy” rating on the stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Guyana Goldfields from C$7.50 to C$8.00 in a research report on Monday, October 2nd. TD Securities reduced their price target on shares of Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. Scotiabank reduced their price target on shares of Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$7.63.

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In other news, Director Scott Andrew Caldwell bought 10,000 shares of Guyana Goldfields stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of C$4.60 per share, with a total value of C$46,000.00. Also, Director Patrick John Sheridan bought 13,200 shares of Guyana Goldfields stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of C$4.38 per share, for a total transaction of C$57,816.00. In the last ninety days, insiders purchased 720,500 shares of company stock worth $2,962,116.

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.

Earnings History and Estimates for Guyana Goldfields (TSE:GUY)

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