Guyana Goldfields (GUY) Given New C$3.25 Price Target at TD Securities

Guyana Goldfields (TSE:GUY) had its price objective cut by TD Securities from C$4.00 to C$3.25 in a research note published on Wednesday morning. They currently have a hold rating on the stock.

Separately, BMO Capital Markets cut Guyana Goldfields from an outperform rating to a market perform rating and cut their price objective for the company from C$5.00 to C$3.75 in a research report on Wednesday.

Guyana Goldfields stock opened at C$1.76 on Wednesday. Guyana Goldfields has a 12 month low of C$1.29 and a 12 month high of C$5.42.

In other news, insider Baupost Group L.L.C. The purchased 1,000,000 shares of the stock in a transaction dated Friday, September 28th. The shares were purchased at an average cost of C$2.87 per share, with a total value of C$2,870,000.00. Also, Director Scott Andrew Caldwell purchased 30,000 shares of the stock in a transaction dated Thursday, August 16th. The stock was purchased at an average cost of C$2.92 per share, for a total transaction of C$87,600.00. Insiders bought 1,902,600 shares of company stock valued at $5,582,126 over the last 90 days.

About Guyana Goldfields

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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