Banyan Gold Corp (TSE:BYN)
:BYN
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Banyan Gold
(BYN)
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Rating:56Neutral
Price Target:
C$1.50
▲(9.49% Upside)
Action:ReiteratedDate:04/09/26
The score is held back mainly by weak financial performance driven by ongoing losses and negative free cash flow, partially offset by a strong, debt-free balance sheet. Technicals are supportive with the stock trading above key moving averages, but valuation remains constrained due to unprofitability and no stated dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free capital structure with sizable equity provides durable financial flexibility for a pre-revenue explorer. It reduces near-term liquidity pressure, allows funding of multi-phase drilling and permitting programs without servicing interest, and improves bargaining power for JV or farm-out deals over the next several months.
Negative Factors
Pre-revenue operations
Lack of operating revenue means the company's value and sustainability hinge entirely on exploration success and capital markets. This structural profile produces long lead times to monetization and leaves the company exposed to resource risk and project execution outcomes over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure with sizable equity provides durable financial flexibility for a pre-revenue explorer. It reduces near-term liquidity pressure, allows funding of multi-phase drilling and permitting programs without servicing interest, and improves bargaining power for JV or farm-out deals over the next several months.
Read all positive factors
Banyan Gold (BYN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$624.79M
Dividend YieldN/A
Average Volume (3M)827.65K
Price to Earnings (P/E)―
Beta (1Y)2.68
Revenue GrowthN/A
EPS Growth40.80%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding416,529,000
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 Upside118.98% 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
1.37
Price Trends
1.22
Positive
1.14
Positive
0.86
Positive
Market Momentum
0.05
Negative
61.04
Neutral
57.99
Neutral
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 1.37 is above the 20-day moving average (MA) of 1.23, above the 50-day MA of 1.22, and above the 200-day MA of 0.86, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.04 is Neutral, neither overbought nor oversold. The STOCH value of 57.99 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
56 Neutral | C$624.79M | -44.17 | -3.53% | ― | ― | 40.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$784.69M | -11.34 | -76.97% | ― | ― | -20.73% | |
47 Neutral | C$365.94M | -39.83 | -10.35% | ― | ― | -33.63% | |
46 Neutral | C$346.58M | 738.31 | 0.75% | ― | ― | ― | |
44 Neutral | C$350.96M | -18.50 | -8.10% | ― | ― | 47.58% |
* General Sector Average
TSE:BYN
Banyan Gold
1.50
1.23
455.56%
TSE:LGD
Liberty Gold
1.49
1.20
405.08%
TSE:GOLD
GoldMining
1.64
0.55
50.46%
TSE:WRLG
West Red Lake Gold Mines
0.84
0.14
20.00%
TSE:SIG
Sitka Gold Corp.
0.94
0.35
59.32%
Banyan Gold Corporate Events
Business Operations and Strategy
Banyan Gold Drill Results Point to Higher-Grade Potential at AurMac’s Powerline Deposit
Positive
Apr 7, 2026
Banyan Gold reported new high-grade gold drill results from the 2025 program at the Powerline deposit within its AurMac project in Yukon, Canada. The latest holes were aimed at zones currently modeled as waste, with assays indicating that several ...
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...
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.