Analyst Actions: Raymond James Gives Guyana "Outperform" As Sees Potential in Aurora Project

By Midnight Trader,  September 12, 2011, 02:29:04 PM EDT

Raymond James Ltd. analyst Brad Humphrey reportedly said in a research note today that Guyana Goldfields Inc. (GUY.TO) has provided a "largely mixed" progress report on its Aurora project in Guyana ahead of a definitive feasibility study due at the end of this year, the Globe and Mail reported.

Nevertheless, Mr. Humphrey recommends investors to buy shares of the company, in part because its "size, exploration potential, large and prospective land package and mining friendly jurisdiction make it an attractive strategic takeover target."

Raymond James maintained an "outperform" rating and $15 price target.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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