Scotiabank Upgrades Galiano Gold (TSE:GAU) to Hold

Galiano Gold (TSE:GAU) was upgraded by analysts at Scotiabank to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Galiano Gold Stock Performance

Shares of Galiano Gold stock opened at C$3.42 on Friday. Galiano Gold has a 52 week low of C$1.44 and a 52 week high of C$4.37. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The stock’s fifty day moving average is C$3.40 and its two-hundred day moving average is C$2.67. The company has a market capitalization of C$888.48 million, a PE ratio of -19.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.84.

Galiano Gold (TSE:GAU) last posted its earnings results on Thursday, November 6th. The company reported C($0.15) earnings per share (EPS) for the quarter. Galiano Gold had a negative return on equity of 0.26% and a negative net margin of 0.35%.The firm had revenue of C$159.01 million for the quarter.

Insiders Place Their Bets

In related news, insider Maciej Badylak bought 143,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were acquired at an average price of C$2.20 per share, for a total transaction of C$314,600.00. Following the completion of the transaction, the insider directly owned 290,590 shares in the company, valued at C$639,298. This trade represents a 96.89% increase in their ownership of the stock. Corporate insiders own 23.08% of the company’s stock.

Galiano Gold Company Profile

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.