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

Galiano Gold (TSE:GAU) has been assigned a C$5.50 price objective by equities researchers at Canaccord Genuity Group in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 87.07% from the stock’s previous close.

Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$5.50.

Galiano Gold Trading Up 1.0%

Shares of Galiano Gold stock traded up C$0.03 on Thursday, hitting C$2.94. 485,084 shares of the company’s stock traded hands, compared to its average volume of 531,798. The firm’s 50-day moving average price is C$2.72 and its two-hundred day moving average price is C$3.31. The stock has a market capitalization of C$767.97 million, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.15 and a beta of 2.43. Galiano Gold has a one year low of C$2.29 and a one year high of C$4.91. The company has a debt-to-equity ratio of 23.50, a current ratio of 1.23 and a quick ratio of 15.77.

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

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.