BMO Capital Markets cut shares of Guyana Goldfields (TSE:GUY) from an outperform rating to a market perform rating in a research note released on Wednesday. BMO Capital Markets currently has C$3.75 price objective on the stock, down from their prior price objective of C$5.00.
Guyana Goldfields stock traded up C$0.05 during mid-day trading on Wednesday, reaching C$1.82. 1,081,283 shares of the company’s stock were exchanged, compared to its average volume of 644,318. 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 quarterly earnings results on Monday, July 30th. The company reported C$0.01 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.01. The business had revenue of C$53.17 million for the quarter. Guyana Goldfields had a return on equity of 14.96% and a net margin of 22.82%.
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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