National Bank Financial Analysts Give Banyan Gold (CVE:BYN) a C$3.00 Price Target

National Bank Financial set a C$3.00 price target on Banyan Gold (CVE:BYN) in a report published on Wednesday morning, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

BYN has been the topic of several other reports. Scotiabank set a C$3.00 price target on shares of Banyan Gold and gave the stock an “outperform” rating in a research report on Monday, September 14th. Desjardins set a C$3.00 price target on Banyan Gold and gave the stock a “buy” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$2.81.

Banyan Gold Stock Up 2.6%

Shares of BYN stock opened at C$1.94 on Wednesday. Banyan Gold has a 12 month low of C$0.64 and a 12 month high of C$2.20. The company’s fifty day simple moving average is C$1.81 and its 200-day simple moving average is C$1.52. The firm has a market cap of C$864.60 million, a PE ratio of -485.00 and a beta of 2.80.

Insider Activity at Banyan Gold

In related news, Director David Rutt sold 60,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$1.43, for a total value of C$85,800.00. Following the completion of the transaction, the director owned 2,864,224 shares of the company’s stock, valued at C$4,095,840.32. The trade was a 2.05% decrease in their ownership of the stock. Insiders sold a total of 170,000 shares of company stock valued at $251,400 in the last quarter. 17.73% of the stock is currently owned by company insiders.

Banyan Gold Company Profile

Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. It holds 100% interest in the AurMac project that consists of 506 quartz mineral claims covering an area of approximately 9,230 hectares located in the Mayo Mining District, Yukon Territory; Hyland gold project comprises of 927 quartz mineral claims covering an area of totaling 18,620 hectares located in the Watson Lake Mining District, Yukon Territory; and Nitra gold project, which consists of 1,442 claims covering an area of approximately 296 square kilometers located in the Mayo Mining District, Yukon Territory.