Banyan Gold (CVE:BYN) Raised to Strong-Buy at Canaccord Genuity Group

Banyan Gold (CVE:BYN) was upgraded by stock 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

Shares of Banyan Gold stock opened at C$1.41 on Tuesday. The firm has a market cap of C$581.53 million, a PE ratio of -352.50 and a beta of 2.42. The business’s 50 day simple moving average is C$1.15 and its 200 day simple moving average is C$0.90. Banyan Gold has a 52-week low of C$0.20 and a 52-week high of C$1.51.

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.