Banyan Gold (CVE:BYN) Given a C$2.25 Price Target at Canaccord Genuity Group

Banyan Gold (CVE:BYN) has been assigned a C$2.25 price objective by research analysts at Canaccord Genuity Group in a report released on Tuesday, MarketBeat reports. The brokerage currently has a “moderate buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 134.38% from the stock’s previous close.

Banyan Gold Price Performance

Shares of CVE:BYN opened at C$0.96 on Tuesday. The firm has a market capitalization of C$395.93 million, a price-to-earnings ratio of -68.57 and a beta of 2.21. Banyan Gold has a 12 month low of C$0.18 and a 12 month high of C$1.05. The business’s 50 day simple moving average is C$0.83 and its 200-day simple moving average is C$0.58.

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.