Scotiabank Analysts Give Banyan Gold (CVE:BYN) a C$3.00 Price Target

Scotiabank set a C$3.00 price target on Banyan Gold (CVE:BYN) in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

Separately, 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 investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$2.75.

Banyan Gold Stock Performance

Shares of CVE BYN opened at C$1.88 on Monday. The company has a market cap of C$838.37 million, a P/E ratio of -470.00 and a beta of 2.80. Banyan Gold has a 52-week low of C$0.64 and a 52-week high of C$2.15. The firm’s fifty day moving average is C$1.68 and its two-hundred day moving average is C$1.47.

Insider Buying and Selling at Banyan Gold

In related news, Director David Rutt sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of C$1.43, for a total value of C$85,800.00. Following the completion of the transaction, the director directly 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 have sold 170,000 shares of company stock valued at $251,400 over the last ninety days. Company 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.