Banyan Gold (CVE:BYN) PT Set at C$2.25 by Canaccord Genuity Group

Banyan Gold (CVE:BYN) has been assigned a C$2.25 price objective by equities researchers at Canaccord Genuity Group in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 141.94% from the stock’s previous close.

Banyan Gold Trading Up 1.1%

Shares of CVE:BYN traded up C$0.01 on Tuesday, reaching C$0.93. 458,784 shares of the company were exchanged, compared to its average volume of 616,885. Banyan Gold has a 1-year low of C$0.18 and a 1-year high of C$1.05. The company has a 50-day moving average of C$0.82 and a 200-day moving average of C$0.57. The firm has a market cap of C$383.56 million, a price-to-earnings ratio of -66.43 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.