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Banyan Gold
(BYN)
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Rating:55Neutral
Price Target:
C$1.50
▼(-21.87% Downside)
Action:Reiterated
Date:09/22/26
The score is driven primarily by mixed financial performance: a strong, debt-free balance sheet offsets the lack of revenue and ongoing cash burn. Technicals add support due to a positive multi-timeframe uptrend and improving momentum, while valuation remains a headwind because earnings are negative and there is no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free capital structure reduces refinancing and interest burdens while Banyan advances its exploration portfolio. This gives the company greater financial flexibility to direct available capital toward technical programs and development without servicing leverage-related obligations.
Negative Factors
Pre-revenue business model
With no recurring product or service revenue, Banyan currently lacks an operating income stream to fund exploration and corporate costs. Its financial progress therefore depends on advancing mineral properties toward a monetization pathway, which remains uncertain until resources are developed or transactions occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure reduces refinancing and interest burdens while Banyan advances its exploration portfolio. This gives the company greater financial flexibility to direct available capital toward technical programs and development without servicing leverage-related obligations.
Read all positive factors
Banyan Gold (BYN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$758.06M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)2.70
Revenue GrowthN/A
EPS Growth-11.93%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding473,785,680
10 Day Avg. Volume542,275
30 Day Avg. Volume1,235,799
Financial Highlights & Ratios
PEG Ratio2.32
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 Upside56.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
Banyan Gold Business Overview & Revenue Model
Company Description
Banyan Gold Corp. is dedicated to the exploration and development of valuable metallic resources, primarily focusing its efforts on uncovering gold and silver deposits. Its flagship property, the AurMac Project, represents a significant land packa...
How the Company Makes Money
Banyan Gold does not have disclosed operating revenue from selling products or services; as an exploration-stage company, it typically does not generate recurring sales income. Its business model is to create shareholder value by discovering and a...
Banyan Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -158.19K | -116.01K | -135.80K | -135.70K | -91.48K | -27.28K |
| EBITDA | -7.95M | 8.05K | -4.61M | -2.69M | -2.41M | -1.71M |
| Net Income | -4.94M | -1.51M | -4.28M | 367.91K | -1.46M | -2.92M |
Balance Sheet | ||||||
| Total Assets | 165.96M | 88.14M | 72.77M | 58.50M | 48.36M | 32.02M |
| Cash, Cash Equivalents and Short-Term Investments | 57.44M | 9.79M | 13.79M | 8.15M | 11.61M | 14.36M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 33.00M | 19.03M | 15.32M | 9.54M | 10.55M | 7.57M |
| Stockholders Equity | 132.96M | 69.11M | 57.44M | 48.96M | 37.81M | 24.45M |
Cash Flow | ||||||
| Free Cash Flow | -2.12M | -1.85M | -8.29M | -15.68M | -19.85M | -10.14M |
| Operating Cash Flow | -8.89M | -1.75M | 575.31K | -1.67M | -1.09M | -733.44K |
| Investing Cash Flow | -30.32M | -17.03M | -8.81M | -13.98M | -18.68M | -9.36M |
| Financing Cash Flow | 78.76M | 14.78M | 13.88M | 12.19M | 17.02M | 19.10M |
Banyan Gold Technical Analysis
Negative
1.92
Price Trends
1.86
Negative
1.65
Negative
1.47
Positive
Market Momentum
-0.08
Positive
39.14
Neutral
24.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYN, the sentiment is Negative. The current price of 1.92 is above the 20-day moving average (MA) of 1.75, above the 50-day MA of 1.86, and above the 200-day MA of 1.47, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 24.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
55 Neutral | C$758.06M | -130.08 | -5.10% | ― | ― | -11.93% | |
50 Neutral | C$1.12B | 44.61 | 37.94% | ― | ― | ― | |
50 Neutral | C$386.17M | -48.11 | -9.32% | ― | ― | -88.78% | |
46 Neutral | C$244.55M | 13.44 | 16.61% | 12.67% | ― | ― | |
44 Neutral | C$237.03M | -7.01 | -14.88% | ― | ― | -100.77% |
* General Sector Average
TSE:BYN
Banyan Gold
1.60
0.90
128.57%
TSE:LGD
Liberty Gold
2.03
1.35
198.53%
TSE:GOLD
GoldMining
1.10
-0.79
-41.80%
TSE:WRLG
West Red Lake Gold Mines
0.59
-0.28
-32.18%
TSE:SIG
Sitka Gold Corp.
0.89
-0.18
-16.82%
Banyan Gold Corporate Events
Business Operations and Strategy
Banyan Gold Finds New High-Grade Zones Linking Key AurMac Deposits
Positive
Oct 6, 2026
Banyan Gold reported new drill results from the Airstrip deposit and the gap between Airstrip and the Powerline deposit at its AurMac project in Yukon, including a highlight intercept of 1.88 grams per tonne gold over 17.9 metres within a broader ...
Business Operations and StrategyPrivate Placements and Financing
Franco-Nevada to Subscribe for 10 Million Banyan Gold Shares in Ongoing Financing
Positive
Sep 24, 2026
Banyan Gold Corp. reported that Franco-Nevada Corporation has agreed to subscribe for a total of 10 million Banyan shares in the company’s previously announced best efforts and non-brokered private placements. Franco-Nevada will acquire 8.25...
Business Operations and StrategyPrivate Placements and Financing
Banyan Gold Targets Up to $58 Million to Advance Yukon Projects
Positive
Sep 20, 2026
Banyan Gold Corp. has arranged a best efforts private placement of up to 25 million shares at $2.00 each to raise as much as $50 million, with Canaccord Genuity acting as lead agent and sole bookrunner. Concurrently, the company plans a non-broker...
Business Operations and Strategy
Banyan Gold Hits Bonanza-Grade Intercept at AurMac’s Powerline Deposit
Positive
Sep 17, 2026
Banyan Gold reported new drill results from the western portion of the Powerline deposit at its AurMac project in Yukon, highlighting both broad zones of mineralization and localized bonanza-grade gold. Key intersections include 1.05 g/t gold over...
Business Operations and Strategy
Banyan Gold Unveils High-Grade Discovery at Seattle Creek on Yukon Nitra Project
Positive
Aug 25, 2026
Banyan Gold has announced a new high-grade gold-silver discovery at the Seattle Creek zone on its Nitra Project in Yukon, with initial assays from the first drillhole confirming a mineralized system 25 kilometres west of its AurMac deposit. The hi...
Business Operations and Strategy
Banyan Gold Hits High-Grade Intercept at AurMac’s Powerline North
Positive
Aug 17, 2026
Banyan Gold reported new drill results from the northern portion of its Powerline deposit at the AurMac project in Yukon, highlighted by an intercept of 13.03 g/t gold over 14.2 metres, including 142.7 g/t over 1 metre. The results suggest high-gr...
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.