Banyan Gold Corp. (CVE:BYN – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.67 and last traded at C$1.66, with a volume of 453458 shares trading hands. The stock had previously closed at C$1.49.
Analyst Ratings Changes
Separately, Canaccord Genuity Group raised shares of Banyan Gold from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of C$2.25.
Read Our Latest Stock Report on Banyan Gold
Banyan Gold Price Performance
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.
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