Banyan Gold (CVE:BYN) PT Set at C$3.00 by National Bank Financial

Key Points

• National Bank Financial set a C$3.00 price target on Banyan Gold and reiterated an “outperform” rating, implying approximately 53% upside from the reported C$1.96 share price.
• Analyst sentiment remains positive: Desjardins and Scotiabank also set C$3.00 targets, while the consensus rating is “Buy” with an average target of C$2.81.
• Banyan Gold shares traded down C$0.16, with the company valued at about C$874 million; insiders have sold 170,000 shares over the past 90 days, though insiders still own 17.73% of the stock.

Banyan Gold (CVE:BYN - Get Free Report) has been given a C$3.00 price target by National Bank Financial in a report released on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target points to a potential upside of 53.06% from the company's current price.

Other equities research analysts have also issued research reports about the company. Desjardins set a C$3.00 price objective on Banyan Gold and gave the company a "buy" rating in a report on Friday, September 11th. Scotiabank set a C$3.00 price target on Banyan Gold and gave the company an "outperform" rating in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$2.81.

Banyan Gold Stock Performance

BYN traded down C$0.16 during trading on Monday, hitting C$1.96. The stock had a trading volume of 1,495,802 shares, compared to its average volume of 845,070. The firm has a market capitalization of C$874.04 million, a P/E ratio of -490.00 and a beta of 2.80. Banyan Gold has a twelve month low of C$0.64 and a twelve month high of C$2.20. The company's 50-day moving average price is C$1.70 and its 200 day moving average price is C$1.48.

Insider Buying and Selling

In other news, Director David Rutt sold 50,000 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of C$1.50, for a total value of C$75,000.00. Following the completion of the transaction, the director directly owned 2,774,224 shares of the company's stock, valued at C$4,161,336. The trade was a 1.77% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 170,000 shares of company stock valued at $251,400. 17.73% of the stock is currently owned by corporate 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.

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