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

Desjardins set a C$3.00 price objective on Banyan Gold (CVE:BYN) in a research note issued to investors on Friday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Banyan Gold Price Performance

BYN opened at C$1.97 on Friday. The firm has a market capitalization of C$878.50 million, a P/E ratio of -492.50 and a beta of 2.80. Banyan Gold has a one year low of C$0.64 and a one year high of C$2.15. The company has a fifty day moving average price of C$1.65 and a 200-day moving average price of C$1.46.

Insiders Place Their Bets

In related news, Director David Rutt sold 60,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 2,864,224 shares in the company, valued at approximately C$4,095,840.32. This represents a 2.05% decrease in their ownership of the stock. In the last 90 days, insiders sold 170,000 shares of company stock valued at $251,400. 17.73% of the stock is owned by corporate insiders.

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.