Guyana Goldfields (GUY) Downgraded by BMO Capital Markets

Guyana Goldfields (TSE:GUY) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They currently have a C$3.75 price objective on the stock, down from their prior price objective of C$5.00. BMO Capital Markets’ target price would indicate a potential upside of 109.50% from the stock’s previous close.

Shares of Guyana Goldfields stock opened at C$1.79 on Wednesday. Guyana Goldfields has a one year low of C$1.29 and a one year high of C$5.42.

Guyana Goldfields (TSE:GUY) last issued its earnings results on Monday, July 30th. The company reported C$0.01 EPS for the quarter, meeting analysts’ consensus estimates of C$0.01. Guyana Goldfields had a return on equity of 14.96% and a net margin of 22.82%. The business had revenue of C$53.17 million during the quarter.

In other news, insider Baupost Group L.L.C. The bought 634,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was acquired at an average cost of C$3.00 per share, with a total value of C$1,902,000.00. Also, insider Christopher Stackhouse bought 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of C$3.87 per share, with a total value of C$50,310.00. Insiders purchased a total of 1,902,600 shares of company stock valued at $5,582,126 over the last ninety days.

Guyana Goldfields Company Profile

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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