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

Banyan Gold (CVE:BYN) has been assigned a C$3.00 target price by investment analysts at National Bank Financial in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 53.06% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Desjardins set a C$3.00 target price on Banyan Gold and gave the stock a “buy” rating in a research report on Friday, September 11th. Scotiabank set a C$3.00 price objective on Banyan Gold and gave the company an “outperform” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Banyan Gold presently has a consensus rating of “Buy” and a consensus target price of C$2.81.

Banyan Gold Stock Down 7.5%

Shares of BYN stock traded down C$0.16 during trading hours on Monday, hitting C$1.96. 1,495,802 shares of the company were exchanged, compared to its average volume of 845,070. The firm has a market cap of C$874.04 million, a PE ratio of -490.00 and a beta of 2.80. The firm has a fifty day moving average of C$1.70 and a 200 day moving average of C$1.48. Banyan Gold has a 1 year low of C$0.64 and a 1 year high of C$2.20.

Insiders Place Their Bets

In other news, Director David Rutt sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 2,774,224 shares of the company’s stock, valued at approximately C$4,161,336. This 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 three months. Corporate 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.