The stock of Guyana Goldfields Inc. (TSE:GUY) is a huge mover today! About 301,764 shares traded hands. Guyana Goldfields Inc. (TSE:GUY) has risen 78.15% since March 31, 2016 and is uptrending. It has outperformed by 77.06% the S&P500.
The move comes after 6 months negative chart setup for the $1.39B company. It was reported on Nov, 4 by Barchart.com. We have $7.24 PT which if reached, will make TSE:GUY worth $97.30M less.
Guyana Goldfields Inc. (TSE:GUY) Ratings Coverage
Out of 4 analysts covering Guyana Goldfields Inc. (TSE:GUY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $12 is the highest target while $4 is the lowest. The $9.30 average target is 19.38% above today’s ($7.79) stock price. Guyana Goldfields Inc. has been the topic of 15 analyst reports since September 1, 2015 according to StockzIntelligence Inc. As per Tuesday, January 19, the company rating was upgraded by BMO Capital Markets. TD Securities upgraded the stock to “” rating in Wednesday, November 25 report. The rating was maintained by RBC Capital Markets on Tuesday, January 19 with “Outperform”.
More news for Guyana Goldfields Inc. (TSE:GUY) were recently published by: Marketwired.com, which released: “Guyana Goldfields Inc. Announces C$110 Million Bought Deal Financing” on June 27, 2016. Seekingalpha.com‘s article titled: “Guyana Goldfields Incorporated: Genuinely Good Investment” and published on February 22, 2016 is yet another important article.
Guyana Goldfields Inc. is a Canada mineral development and exploration firm primarily focused on the acquisition, exploration and development of gold deposits in Guyana, South America. The company has a market cap of $1.39 billion. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana. It has a 25.1 P/E ratio. The Firm owns approximately 100% interest in the Aurora Project, which has total proven and probable reserves of approximately 3.04 million ounces of gold.
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