Banyan Gold (CVE:BYN) Stock Rating Upgraded by Canaccord Genuity Group

Banyan Gold (CVE:BYN) was upgraded by investment analysts at Canaccord Genuity Group from a “moderate buy” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Banyan Gold Stock Performance

CVE BYN opened at C$1.41 on Tuesday. The stock has a 50-day simple moving average of C$1.15 and a 200 day simple moving average of C$0.90. Banyan Gold has a twelve month low of C$0.20 and a twelve month high of C$1.51. The stock has a market capitalization of C$581.53 million, a PE ratio of -352.50 and a beta of 2.42.

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.