Cormark Brokers Increase Earnings Estimates for Guyana Goldfields Inc. (GUY)

Guyana Goldfields Inc. (TSE:GUY) – Cormark boosted their Q1 2019 earnings estimates for shares of Guyana Goldfields in a report released on Thursday, according to Zacks Investment Research. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.17 for the quarter, up from their prior estimate of $0.06. Cormark also issued estimates for Guyana Goldfields’ Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.69 EPS.

Several other brokerages also recently weighed in on GUY. TD Securities raised their price target on Guyana Goldfields from C$6.50 to C$7.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada reduced their price target on Guyana Goldfields from C$8.00 to C$7.00 and set an “outperform” rating for the company in a report on Tuesday, November 28th. Five analysts have rated the stock with a buy rating, Guyana Goldfields presently has an average rating of “Buy” and a consensus target price of C$7.50.

Guyana Goldfields (TSE:GUY) opened at C$4.91 on Monday. Guyana Goldfields has a twelve month low of C$3.96 and a twelve month high of C$7.85. The firm has a market capitalization of $842.53, a price-to-earnings ratio of 24.55 and a beta of -1.41.

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About Guyana Goldfields

Guyana Goldfields Inc (Guyana Goldfields) is a Canada-based mineral development and exploration company primarily focused on the acquisition, exploration and development of gold deposits in Guyana, South America. The Company’s Aurora Gold Mine is an operating gold mine project, which is located in Guyana.

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Earnings History and Estimates for Guyana Goldfields (TSE:GUY)

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