Guyana Goldfields (TSE:GUY) had its price objective cut by stock analysts at Royal Bank Of Canada from C$8.00 to C$7.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 50.86% from the stock’s current price.

Several other equities research analysts have also recently weighed in on GUY. TD Securities lowered their target price on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a report on Wednesday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a C$7.50 target price on shares of Guyana Goldfields in a report on Wednesday, August 2nd. Scotiabank lowered their target price on Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Finally, Clarus Securities upgraded Guyana Goldfields from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Five research analysts have rated the stock with a buy rating, Guyana Goldfields has an average rating of “Buy” and a consensus target price of C$7.38.

Guyana Goldfields (TSE GUY) traded down C$0.12 on Tuesday, reaching C$4.64. The company had a trading volume of 195,063 shares, compared to its average volume of 862,901. Guyana Goldfields has a one year low of C$3.96 and a one year high of C$8.11.

In other Guyana Goldfields news, insider Baupost Group L.L.C. The bought 375,800 shares of Guyana Goldfields stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average cost of C$4.10 per share, with a total value of C$1,540,780.00. Also, Director Scott Andrew Caldwell bought 15,000 shares of Guyana Goldfields stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average cost of C$4.10 per share, for a total transaction of C$61,500.00. Insiders have purchased a total of 677,300 shares of company stock valued at $2,770,200 over the last 90 days.

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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.

Analyst Recommendations for Guyana Goldfields (TSE:GUY)

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