Guyana Goldfields (GUY) Sets New 52-Week Low at $4.90

Guyana Goldfields (TSE:GUY) hit a new 52-week low on Wednesday . The stock traded as low as C$4.90 and last traded at C$4.88, with a volume of 219308 shares changing hands. The stock had previously closed at C$4.93.

Several equities research analysts have weighed in on 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 Wednesday, March 28th. TD Securities increased their price target on shares of Guyana Goldfields from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$7.25.

Guyana Goldfields (TSE:GUY) last announced its quarterly earnings results on Friday, February 23rd. The company reported C$0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.02. The business had revenue of C$78.01 million during the quarter. Guyana Goldfields had a net margin of 22.82% and a return on equity of 14.96%.

In other news, insider Paul Murphy sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of C$5.29, for a total value of C$41,262.00. Also, Director Scott Andrew Caldwell sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of C$5.12, for a total transaction of C$128,000.00. Insiders have sold a total of 36,700 shares of company stock valued at $189,269 in the last three months.

About Guyana Goldfields

Guyana Goldfields Inc engages in the investment, acquisition, exploration, development, and operation of gold properties in Guyana, South America. It primarily owns a 100% interest in the Aurora gold project located in Guyana. The company also holds a contiguous 216,995 acre land package located in the Aranka district of Guyana.

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