Canaccord Genuity Group Analysts Give Banyan Gold (CVE:BYN) a C$2.25 Price Target

Canaccord Genuity Group set a C$2.25 price target on Banyan Gold (CVE:BYN) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a moderate buy rating on the stock.

Banyan Gold Price Performance

Shares of CVE BYN opened at C$0.98 on Tuesday. The stock’s fifty day moving average price is C$0.83 and its two-hundred day moving average price is C$0.58. Banyan Gold has a one year low of C$0.18 and a one year high of C$1.05. The firm has a market cap of C$404.18 million, a price-to-earnings ratio of -70.00 and a beta of 2.21.

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.