Guyana Goldfields Inc. (TSE:GUY) was up 1.6% on Wednesday . The stock traded as high as C$4.36 and last traded at C$4.31. Approximately 337,929 shares changed hands during trading, a decline of 61% from the average daily volume of 855,646 shares. The stock had previously closed at C$4.38.
Several equities research analysts have recently weighed in on GUY shares. Royal Bank Of Canada cut their target price on Guyana Goldfields from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 28th. BMO Capital Markets raised their target price on Guyana Goldfields from C$7.50 to C$8.00 in a research report on Monday, October 2nd. Finally, Clarus Securities raised Guyana Goldfields from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$7.38.
In other news, insider Baupost Group L.L.C. The purchased 186,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average price of C$4.08 per share, for a total transaction of C$760,920.00. Also, Director Scott Andrew Caldwell purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were purchased at an average price 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 worth $2,770,200 in 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.
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