The Globe and Mail reports in its Tuesday, Sept. 22, edition that National Bank Financial analyst Rabi Nizami commenced coverage of Vancouver-based miner Banyan Gold with an "outperform" designation and a $3 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $2.85. Mr. Nizami says in a note: "Banyan's claims are at the centre of the Mayo District, near the Eagle and Keno Hill mines and several projects, making it well-positioned in context of opportunities to arise on resolution of the receivership process at Eagle. A successful path to restart Eagle with first nations in alignment should lift permitting sentiment and valuation multiples across the district, unlock strategic synergies for high grade targets near Banyan's proposed mill, or lead to broader consolidation opportunities. Notably, Boroo's due diligence exclusivity at Eagle was recently extended to Oct. 20; Alpayana owns approximately 8 per cent of Banyan; and Franco Nevada acquired an underlying NSR over AurMac's core claims for $52-million. ... [Our rating] reflects the early stage, permitting and financing requirements, and expectations for resource conversion and exploration."