Q4 2017 Earnings Forecast for Guyana Goldfields Inc. (TSE:GUY) Issued By Cormark

Guyana Goldfields Inc. (TSE:GUY) – Investment analysts at Cormark boosted their Q4 2017 earnings per share estimates for Guyana Goldfields in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.13 for the quarter, up from their prior forecast of $0.10.

Several other research firms have also recently weighed in on GUY. Clarus Securities upgraded shares of Guyana Goldfields from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. 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 for the company in a report on Wednesday, August 2nd. TD Securities cut their price objective 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. BMO Capital Markets boosted their price objective on shares of Guyana Goldfields from C$7.50 to C$8.00 in a research report on Monday, October 2nd. Finally, Scotiabank cut their price objective 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. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$7.63.

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Shares of Guyana Goldfields (TSE:GUY) remained flat at $C$4.63 during midday trading on Monday. 188,216 shares of the company were exchanged, compared to its average volume of 873,614. Guyana Goldfields has a 1 year low of C$3.96 and a 1 year high of C$8.11.

In related news, Director Scott Andrew Caldwell acquired 15,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of C$4.10 per share, for a total transaction of C$61,500.00. Also, Director Patrick John Sheridan acquired 13,200 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was bought at an average price of C$4.38 per share, for a total transaction of C$57,816.00. Insiders have acquired 690,500 shares of company stock worth $2,828,016 over the last ninety 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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Earnings History and Estimates for Guyana Goldfields (TSE:GUY)

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