Scotiabank Forecasts Banyan Gold FY2026 Earnings

Banyan Gold Corp. (CVE:BYN) – Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Banyan Gold in a report issued on Thursday, September 17th. Scotiabank analyst O. Habib expects that the company will post earnings of ($0.02) per share for the year. Scotiabank has a “Outperform” rating and a $3.00 price target on the stock. Scotiabank also issued estimates for Banyan Gold’s FY2027 earnings at ($0.03) EPS.

Several other research analysts also recently commented on the company. National Bank Financial set a C$3.00 price objective on Banyan Gold and gave the company an “outperform” rating in a research note on Monday. Desjardins set a C$3.00 target price on shares of 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 assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$2.81.

Banyan Gold Price Performance

Shares of Banyan Gold stock opened at C$1.99 on Monday. The business has a 50 day simple moving average of C$1.73 and a two-hundred day simple moving average of C$1.49. The stock has a market capitalization of C$887.42 million, a P/E ratio of -497.50 and a beta of 2.80. Banyan Gold has a 12 month low of C$0.64 and a 12 month high of C$2.20.

Insider Buying and Selling at Banyan Gold

In other news, Director David Rutt sold 60,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 2,864,224 shares in the company, valued at C$4,095,840.32. This represents a 2.05% decrease in their ownership of the stock. In the last 90 days, insiders sold 170,000 shares of company stock worth $251,400. Insiders own 17.73% of the company’s stock.

About Banyan Gold

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.