BMO Capital Markets Cuts Galiano Gold (TSE:GAU) Price Target to C$2.50

Galiano Gold (TSE:GAU) had its price target reduced by stock analysts at BMO Capital Markets from C$3.50 to C$2.50 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 59.24% from the stock’s previous close.

Separately, Eight Capital set a C$3.50 target price on shares of Galiano Gold and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Performance

TSE:GAU opened at C$1.57 on Wednesday. The company has a debt-to-equity ratio of 18.59, a quick ratio of 15.77 and a current ratio of 2.31. Galiano Gold has a 52-week low of C$1.09 and a 52-week high of C$2.73. The stock has a 50-day simple moving average of C$1.90 and a two-hundred day simple moving average of C$2.07. The firm has a market capitalization of C$403.36 million, a PE ratio of 22.43, a P/E/G ratio of 0.15 and a beta of 1.05.

Galiano Gold Company Profile

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.