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

Banyan Gold (CVE:BYN) has been given a C$3.00 price objective by stock analysts at National Bank Financial in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 57.48% from the company’s current price.

A number of other research firms also recently issued reports on BYN. Scotiabank set a C$3.00 price target on shares of Banyan Gold and gave the company an “outperform” rating in a research note on Monday, September 14th. Desjardins set a C$3.00 target price on shares of 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 issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$2.81.

Banyan Gold Stock Performance

CVE:BYN traded down C$0.03 during trading hours on Wednesday, reaching C$1.91. The stock had a trading volume of 281,369 shares, compared to its average volume of 856,431. The stock has a market capitalization of C$849.01 million, a PE ratio of -476.25 and a beta of 2.80. Banyan Gold has a 52 week low of C$0.64 and a 52 week high of C$2.20. The company has a 50 day moving average price of C$1.78 and a two-hundred day moving average price of C$1.51.

Insider Buying and Selling at Banyan Gold

In other news, Director David Rutt sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of C$1.50, for a total value of C$75,000.00. Following the completion of the sale, the director owned 2,774,224 shares in the company, valued at approximately C$4,161,336. This trade represents a 1.77% decrease in their position. Insiders have sold a total of 170,000 shares of company stock valued at $251,400 over the last quarter. 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.