The Globe and Mail reports in its Thursday, March 20, edition that Stifel analyst Cole McGill continues to rate G2 Goldfields "buy," with an unchanged share target of $4. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.95. Mr. Cole says in a note: "G2 Goldfield is rapidly defining high-margin ounces on its Oko-Areumu property in Guyana. The combination of high grade, Guyana cost structure and expedited permitting timelines in the country combine to make the gold deposits very valuable assets. As we see it, the multiple gold hits and small-scale workings along trend show just how much exploration upside exists on the property. We also think investors will benefit from the spin-out of Puruni -- a secondary property in Guyana 'hidden gem' that hosts a historical high-grade mine and oxide resource." The Globe reported on April 11 that Stifel analyst Stephen Soock was the first analyst to commence coverage on the miner, giving it a "buy" rating and $1.65 share target. G2 Goldfields shares could then be had for $1.06.
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