Guyana Goldfields Inc. (TSE:GUY)’s share price rose 4.8% during trading on Monday after an insider bought additional shares in the company. The company traded as high as C$4.38 and last traded at C$4.37. Approximately 535,766 shares changed hands during trading, a decline of 14% from the average daily volume of 622,959 shares. The stock had previously closed at C$4.17.

Specifically, insider Baupost Group L.L.C. The purchased 100,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was acquired at an average price of C$4.07 per share, with a total value of C$407,000.00. Also, Director Scott Andrew Caldwell purchased 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of C$4.38 per share, with a total value of C$43,800.00. Insiders have purchased a total of 705,500 shares of company stock worth $2,900,616 in the last ninety days.

GUY has been the subject of a number of research reports. Royal Bank Of Canada cut 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 research note on Wednesday, August 2nd. TD Securities cut their price target on shares of 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. Scotiabank cut their price target on shares of 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$7.50 price target on shares of Guyana Goldfields in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$7.38.

The stock’s 50 day moving average price is $4.52 and its 200 day moving average price is $5.78. The firm has a market capitalization of $754.44 million and a P/E ratio of 39.64.

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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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