Guyana Goldfields Inc. (TSE:GUY) was down 4.1% during mid-day trading on Wednesday . The company traded as low as C$4.15 and last traded at C$4.24. Approximately 430,776 shares changed hands during trading, a decline of 55% from the average daily volume of 967,624 shares. The stock had previously closed at C$4.42.

A number of equities research analysts have issued reports on GUY shares. Scotiabank cut their price target on Guyana Goldfields from C$9.00 to C$7.50 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. BMO Capital Markets restated an “outperform” rating and set a C$7.50 price target on shares of Guyana Goldfields in a research note on Wednesday, August 2nd. TD Securities cut their price target on Guyana Goldfields from C$8.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada cut their price target on Guyana Goldfields from C$9.00 to C$8.00 and set an “outperform” rating for the company in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a buy rating, Guyana Goldfields has an average rating of “Buy” and a consensus price target of C$7.38.

The stock’s 50 day moving average price is $4.60 and its 200-day moving average price is $5.85. The stock has a market capitalization of $738.86 million and a price-to-earnings ratio of 38.82.

In other news, Director Patrick John Sheridan bought 13,200 shares of the business’s stock in a transaction on Monday, August 28th. The stock was purchased at an average price of C$4.38 per share, with a total value of C$57,816.00. Also, Director Scott Andrew Caldwell bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of C$4.60 per share, with a total value of C$46,000.00. In the last three months, insiders have acquired 43,200 shares of company stock valued at $191,916.

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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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