Galiano Gold (TSE:GAU) PT Set at C$5.50 by Canaccord Genuity Group

Galiano Gold (TSE:GAU) received a C$5.50 target price from Canaccord Genuity Group in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 87.07% from the company’s previous close.

Separately, Freedom Capital raised shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.50.

Galiano Gold Stock Up 1.0%

Shares of TSE:GAU traded up C$0.03 during midday trading on Thursday, hitting C$2.94. The stock had a trading volume of 485,084 shares, compared to its average volume of 531,798. The company has a market cap of C$767.97 million, a P/E ratio of 10.89, a PEG ratio of 0.15 and a beta of 2.43. Galiano Gold has a 12 month low of C$2.29 and a 12 month high of C$4.91. The business’s 50-day simple moving average is C$2.72 and its 200-day simple moving average is C$3.31. The company has a quick ratio of 15.77, a current ratio of 1.23 and a debt-to-equity ratio of 23.50.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Galiano Gold had a net margin of 11.96% and a return on equity of 28.60%. The firm had revenue of C$222.45 million for the quarter.

Galiano Gold Company Profile

Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities.