Banyan Gold (CVE:BYN) Hits New 52-Week High – Time to Buy?

Banyan Gold Corp. (CVE:BYN)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$1.30 and last traded at C$1.28, with a volume of 747431 shares. The stock had previously closed at C$1.19.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$2.25 price objective on Banyan Gold and gave the company a “moderate buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banyan Gold currently has an average rating of “Buy” and an average target price of C$2.25.

Banyan Gold Price Performance

The business has a fifty day moving average price of C$0.97 and a 200 day moving average price of C$0.71. The company has a market capitalization of C$519.66 million, a price-to-earnings ratio of -90.00 and a beta of 2.35.

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.