Banyan Gold (CVE:BYN) Shares Up 0.6% – Time to Buy?

Posted by Stanley Muller on Oct 22nd, 2026

Banyan Gold Corp. (CVE:BYN – Get Free Report)’s stock price shot up 0.6% during trading on Wednesday. The stock traded as high as C$1.68 and last traded at C$1.67. Approximately 462,698 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 839,744 shares. The stock had previously closed at C$1.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Scotiabank set a C$3.00 price target on shares of Banyan Gold and gave the stock an “outperform” rating in a research report on Monday, September 14th. National Bank Financial set a C$3.00 price objective on shares of Banyan Gold and gave the company an “outperform” rating in a research note on Wednesday, September 30th. Finally, Desjardins raised shares of Banyan Gold to a “moderate buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$2.81.

View Our Latest Stock Report on Banyan Gold

Banyan Gold Price Performance

The business has a 50-day moving average of C$1.88 and a two-hundred day moving average of C$1.58. The company has a market cap of C$790.07 million, a P/E ratio of -417.50 and a beta of 2.74.

Insider Buying and Selling

In other Banyan Gold news, Director David Rutt sold 60,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 2,864,224 shares in the company, valued at approximately C$4,095,840.32. The trade was a 2.05% decrease in their ownership of the stock. Insiders have sold 170,000 shares of company stock valued at $251,400 in the last ninety days. Insiders own 17.73% of the company’s stock.

Banyan Gold Company Profile

(Get Free Report)

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.