Guyana Goldfields Inc. (TSE:GUY) shares rose 3.4% during mid-day trading on Thursday . The company traded as high as C$4.94 and last traded at C$4.86. Approximately 414,950 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 445,361 shares. The stock had previously closed at C$4.70.
GUY has been the subject of a number of research reports. BMO Capital Markets raised their price objective on shares of Guyana Goldfields from C$8.00 to C$8.50 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Royal Bank of Canada dropped their price objective on shares of Guyana Goldfields from C$8.00 to C$7.00 and set an “outperform” rating for the company in a report on Tuesday, November 28th. Five equities research analysts have rated the stock with a buy rating, Guyana Goldfields currently has an average rating of “Buy” and an average target price of C$7.38.
The firm has a market capitalization of $780.92, a price-to-earnings ratio of 40.91 and a beta of -1.46.
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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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