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

National Bank Financial set a C$3.00 target price on Banyan Gold (CVE:BYN) in a research note published on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

BYN has been the topic of a number of 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 note on Monday, September 14th. Desjardins set a C$3.00 price objective on Banyan Gold and gave the company a “buy” rating in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Banyan Gold currently has a consensus rating of “Buy” and a consensus price target of C$2.81.

Banyan Gold Stock Down 4.0%

BYN stock opened at C$1.91 on Monday. The company has a 50 day moving average of C$1.73 and a two-hundred day moving average of C$1.49. The company has a market cap of C$851.23 million, a price-to-earnings ratio of -477.50 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

In related news, Director David Rutt sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$1.43, for a total transaction of C$85,800.00. Following the transaction, the director owned 2,864,224 shares of the company’s stock, valued at approximately C$4,095,840.32. This trade represents 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 90 days. Corporate insiders own 17.73% of the company’s stock.

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.