BMO Capital Markets Lowers Guyana Goldfields (GUY) to Market Perform

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%.

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

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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