Could Guyana Goldfields Inc. Rise Even More? The Stock Had Another Big Increase Today

 Could Guyana Goldfields Inc. Rise Even More? The Stock Had Another Big Increase Today

The stock of Guyana Goldfields Inc. (TSE:GUY) is a huge mover today! About 115,010 shares traded hands. Guyana Goldfields Inc. (TSE:GUY) has risen 65.47% since April 1, 2016 and is uptrending. It has outperformed by 63.52% the S&P500.
The move comes after 7 months positive chart setup for the $1.25 billion company. It was reported on Nov, 8 by Barchart.com. We have $11.75 PT which if reached, will make TSE:GUY worth $675.00M more.

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 21.89% above today’s ($7.63) stock price. Guyana Goldfields Inc. has been the topic of 15 analyst reports since September 1, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, January 19 report. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, January 19 report. The company was upgraded on Wednesday, November 25 by TD Securities.

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 $1.25 billion. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana. It has a 24.64 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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