Banyan Gold Corp (TSE:BYN)
:BYN
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Banyan Gold
(BYN)
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Rating:46Neutral
Price Target:
C$1.00
▼(-18.03% Downside)
Action:ReiteratedDate:03/21/26
The score is held down mainly by weak financial performance (no revenue, ongoing losses, and materially negative free cash flow) and bearish technicals (below key moving averages with negative MACD). A strong, debt-free balance sheet provides some offset, while valuation is difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero reported debt and ~ $92.9M equity provide durable financial flexibility for exploration cycles. This reduces insolvency risk, supports multi-year drill programs or option/joint-venture structuring, and improves bargaining power with partners when advancing projects.
Negative Factors
No operating revenue
As a pre-revenue explorer, the company has no internal revenue to fund operations; long-term viability depends on successful resource definition, sale, or partner financing. This structural lack of operating cash inflows raises execution risk until commercial production or a transaction occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and ~ $92.9M equity provide durable financial flexibility for exploration cycles. This reduces insolvency risk, supports multi-year drill programs or option/joint-venture structuring, and improves bargaining power with partners when advancing projects.
Read all positive factors
Banyan Gold (BYN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$507.74M
Dividend YieldN/A
Average Volume (3M)827.65K
Price to Earnings (P/E)―
Beta (1Y)2.78
Revenue GrowthN/A
EPS Growth-445.00%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding416,179,000
10 Day Avg. Volume684,636
30 Day Avg. Volume827,648
Financial Highlights & Ratios
PEG Ratio2.34
Price to Book (P/B)3.60
Price to Sales (P/S)0.00
P/FCF Ratio-134.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.00Price Target Upside145.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Banyan Gold Business Overview & Revenue Model
Company Description
Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. The Company's flagship asset is the AurMac Project that consists of 506 quartz mineral claims covering an area of a...
How the Company Makes Money
As a mineral exploration company, Banyan Gold generally does not generate recurring revenue from selling products or operating mines; instead, it funds its activities primarily through raising capital to finance exploration and corporate overhead....
Banyan Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -116.01K | -135.80K | -135.70K | -91.48K | -27.28K |
| EBITDA | 8.05K | -4.61M | -2.69M | -2.41M | -1.71M |
| Net Income | -1.51M | -4.28M | 367.91K | -1.46M | -2.92M |
Balance Sheet | |||||
| Total Assets | 88.14M | 72.77M | 58.50M | 48.36M | 32.02M |
| Cash, Cash Equivalents and Short-Term Investments | 9.79M | 13.79M | 8.15M | 11.61M | 14.36M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 19.03M | 15.32M | 9.54M | 10.55M | 7.57M |
| Stockholders Equity | 69.11M | 57.44M | 48.96M | 37.81M | 24.45M |
Cash Flow | |||||
| Free Cash Flow | -1.85M | -8.29M | -15.68M | -19.85M | -10.14M |
| Operating Cash Flow | -1.75M | 575.31K | -1.67M | -1.09M | -733.44K |
| Investing Cash Flow | -17.03M | -8.81M | -13.98M | -18.68M | -9.36M |
| Financing Cash Flow | 14.78M | 13.88M | 12.19M | 17.02M | 19.10M |
Banyan Gold Technical Analysis
Positive
1.22
Price Trends
1.19
Positive
1.08
Positive
0.81
Positive
Market Momentum
-0.01
Negative
53.63
Neutral
93.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYN, the sentiment is Positive. The current price of 1.22 is above the 20-day moving average (MA) of 1.18, above the 50-day MA of 1.19, and above the 200-day MA of 0.81, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 93.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BYN.
Banyan Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$346.47M | -39.83 | -10.35% | ― | ― | -69.66% | |
48 Neutral | C$412.59M | -37.29 | -15.78% | ― | ― | ― | |
46 Neutral | C$507.74M | -44.17 | -3.53% | ― | ― | -445.00% | |
46 Neutral | C$610.22M | -11.34 | -76.97% | ― | ― | 0.31% | |
46 Neutral | C$365.53M | ― | -8.36% | ― | ― | 37.78% |
* General Sector Average
TSE:BYN
Banyan Gold
1.22
1.01
467.44%
TSE:LGD
Liberty Gold
1.17
0.87
283.61%
TSE:GOLD
GoldMining
1.71
0.67
63.64%
TSE:WRLG
West Red Lake Gold Mines
1.00
0.43
75.44%
TSE:SIG
Sitka Gold Corp.
0.89
0.40
79.80%
Banyan Gold Corporate Events
Business Operations and StrategyExecutive/Board Changes
Banyan Gold Hires Veteran Dealmaker to Drive AurMac Growth Strategy
Positive
Mar 30, 2026
Banyan Gold Corp. has bolstered its executive ranks by appointing veteran mining dealmaker Patrick Langlois as vice president of strategy and corporate development, adding more than 25 years of capital markets and MA experience to its leadership t...
Business Operations and Strategy
Banyan Gold Uncovers New High-Grade Silver Veins at Yukon AurMac Project
Positive
Mar 17, 2026
Banyan Gold has reported the discovery of several new high-grade silver veins at its AurMac project in Yukon, highlighted by an intercept of 3,408 grams per tonne silver over 1.4 metres within a broader 13.7-metre interval grading 352.64 g/t. The ...
Business Operations and Strategy
Banyan Gold Extends High-Grade Mineralization at Yukon AurMac Project
Positive
Mar 10, 2026
Banyan Gold reported additional high-grade gold intercepts from drilling at the Airstrip deposit on its AurMac Project in Yukon, underscoring the continuity of skarn-style mineralization and the consistency of results across the target area. The c...
Business Operations and StrategyM&A Transactions
Franco-Nevada to Acquire AurMac Royalty in $52.2 Million Deal, Underscoring Banyan Gold’s Yukon Project
Positive
Mar 6, 2026
Banyan Gold Corp., a Yukon-focused gold exploration company, is advancing its AurMac project, which contains multi-million-ounce gold resources in both indicated and inferred categories. Located near Mayo with highway access, grid power and commun...
Business Operations and Strategy
Banyan Gold Drilling Extends High-Grade Potential at Yukon’s AurMac Project
Positive
Feb 27, 2026
Banyan Gold reported new drill results from the central Powerline Deposit at its AurMac Project in Yukon, highlighting multiple intercepts of high-grade gold mineralization with visible gold. The company said these results underscore the continuit...
Business Operations and StrategyFinancial Disclosures
Banyan Gold earns TSX Venture 50 spot after surge in 2025 performance
Positive
Feb 18, 2026
Banyan Gold has been named one of the 2026 TSX Venture 50 companies, recognizing it as a top performer on the TSX Venture Exchange in 2025 based on market capitalization growth, share price appreciation and trading liquidity. The company reported ...
Business Operations and Strategy
Banyan Gold Hits More High-Grade Intercepts at Yukon’s AurMac Project
Positive
Feb 17, 2026
Banyan Gold reported multiple high-grade gold intercepts and visible gold from recent drilling at the central Powerline deposit on its AurMac project in Yukon. The results, which include long intervals of mineralization with high-grade sub-interva...
Business Operations and StrategyExecutive/Board Changes
Banyan Gold Bolsters Technical and ESG Bench to Advance AurMac Project
Positive
Feb 10, 2026
Banyan Gold has strengthened its leadership bench by appointing veteran geologist and mining entrepreneur John Robins as an independent strategic advisor and adding experienced environmental and ESG specialist Allison Rippin Armstrong as Senior Su...
Business Operations and Strategy
Banyan Gold Hits High-Grade Gold, Eyes Expansion at Yukon AurMac Project
Positive
Jan 28, 2026
Banyan Gold reported new drill results from its AurMac project in Yukon, with multiple high-grade gold intersections at both the Aurex Hill zone, part of the East Powerline deposit, and the Airstrip deposit. The results, which include notable high...
Business Operations and Strategy
Banyan Gold Confirms Ultra High-Grade Keno-Style Silver Vein at Yukon’s AurMac Project
Positive
Jan 22, 2026
Banyan Gold reported exceptionally high-grade silver drill results from the Ag-1 vein at the Powerline deposit on its AurMac Project in Yukon, including an interval of 10,734 grams per tonne silver over 1.7 metres within 10.4 metres grading 1,841 ...
Business Operations and Strategy
Banyan Gold Uncovers Extensive New Silver Targets at Yukon AurMac Project
Positive
Jan 20, 2026
Banyan Gold has reported a series of new high-grade silver drill intersections at its AurMac Project’s Powerline and Airstrip deposits in the Yukon, identifying multiple near-surface Keno-style silver veins across three newly defined target ...
Business Operations and Strategy
Banyan Gold Extends High-Grade Mineralization at AurMac’s Powerline and Airstrip Deposits
Positive
Jan 8, 2026
Banyan Gold reported multiple high-grade gold intercepts from its 2025 drilling campaign at the AurMac project in Yukon, with notable results from both the Powerline and Airstrip deposits. New intersections at Powerline extend mineralization to th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.