Banyan Gold (CVE:BYN) Given a C$3.00 Price Target at Desjardins

Banyan Gold (CVE:BYN) has been given a C$3.00 target price by stock analysts at Desjardins in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 51.52% from the stock’s current price.

Banyan Gold Stock Up 1.5%

Banyan Gold stock traded up C$0.03 during mid-day trading on Friday, hitting C$1.98. 207,629 shares of the company’s stock were exchanged, compared to its average volume of 764,695. The company’s 50 day simple moving average is C$1.64 and its 200-day simple moving average is C$1.45. The firm has a market capitalization of C$882.96 million, a P/E ratio of -495.00 and a beta of 2.80. Banyan Gold has a fifty-two week low of C$0.64 and a fifty-two week high of C$2.15.

Insider Transactions at Banyan Gold

In other Banyan Gold news, Director David Rutt sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of C$1.50, for a total transaction of C$75,000.00. Following the sale, the director directly owned 2,774,224 shares in the company, valued at approximately C$4,161,336. This trade represents a 1.77% decrease in their position. Over the last three months, insiders sold 170,000 shares of company stock worth $251,400. 17.73% of the stock is currently owned by corporate insiders.

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.