Galiano Gold (TSE:GAU) PT Raised to C$0.70

Galiano Gold (TSE:GAUGet Rating) had its price objective increased by equities researchers at Berenberg Bank from C$0.67 to C$0.70 in a report issued on Monday, BayStreet.CA reports. Berenberg Bank’s price target would suggest a potential upside of 22.81% from the stock’s current price.

Several other research firms have also recently weighed in on GAU. Scotiabank reduced their price target on shares of Galiano Gold from C$1.50 to C$1.00 in a report on Monday, February 28th. HC Wainwright restated a “buy” rating and set a C$2.20 target price on shares of Galiano Gold in a report on Monday. Cormark reduced their target price on shares of Galiano Gold to C$1.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Finally, BMO Capital Markets cut shares of Galiano Gold from a “market perform” rating to a “sell” rating and set a C$0.50 target price for the company. in a report on Monday, April 11th.

Shares of TSE GAU traded down C$0.02 during trading on Monday, reaching C$0.57. The company had a trading volume of 91,925 shares, compared to its average volume of 59,267. The company has a debt-to-equity ratio of 0.32, a quick ratio of 23.04 and a current ratio of 23.33. The stock has a market cap of C$128.22 million and a PE ratio of -1.42. The business’s 50 day moving average price is C$0.70 and its 200-day moving average price is C$0.85. Galiano Gold has a 52 week low of C$0.55 and a 52 week high of C$1.66.

Galiano Gold (TSE:GAUGet Rating) last released its quarterly earnings results on Tuesday, March 29th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.07). Equities analysts anticipate that Galiano Gold will post 0.04 earnings per share for the current year.

About Galiano Gold (Get Rating)

Galiano Gold Inc engages in the exploration, development, and production of gold properties. The company's primary asset is the Asanko Gold Mine 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. Galiano Gold Inc was incorporated in 1999 and is headquartered in Vancouver, Canada.

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