Galiano Gold (TSE:GAU - Get Free Report) was downgraded by equities research analysts at BMO Capital Markets from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a C$1.50 target price on the stock, down from their prior target price of C$2.50. BMO Capital Markets' target price suggests a potential downside of 9.09% from the company's previous close.
Separately, Eight Capital set a C$3.50 price target on Galiano Gold and gave the stock a "buy" rating in a report on Tuesday, November 19th.
Read Our Latest Analysis on Galiano Gold
Galiano Gold Price Performance
Shares of GAU stock remained flat at C$1.65 during trading hours on Wednesday. The stock had a trading volume of 365,810 shares, compared to its average volume of 137,658. Galiano Gold has a 52 week low of C$1.09 and a 52 week high of C$2.73. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The firm has a 50 day moving average of C$1.82 and a two-hundred day moving average of C$2.02. The company has a market capitalization of C$423.92 million, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.
Galiano Gold (TSE:GAU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C$0.10 earnings per share for the quarter, beating analysts' consensus estimates of C$0.04 by C$0.06. Galiano Gold had a return on equity of 4.46% and a net margin of 10.14%. During the same period last year, the firm earned $0.07 EPS.
Galiano Gold Company Profile
(
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Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.
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