Galiano Gold (TSE:GAU) had its price objective hoisted by Cormark from C$2.80 to C$3.00 in a research report released on Monday morning, PriceTargets.com reports. Cormark currently has a na rating on the stock. Cormark also issued estimates for Galiano Gold’s Q3 2021 earnings at $0.05 EPS and FY2021 earnings at $0.19 EPS.
A number of other research analysts have also recently weighed in on GAU. Berenberg Bank reduced their target price on Galiano Gold from C$2.30 to C$1.70 and set a na rating on the stock in a report on Thursday, July 8th. Desjardins cut Galiano Gold from a buy rating to a hold rating in a report on Thursday, April 29th.
GAU stock opened at C$1.22 on Monday. Galiano Gold has a 52-week low of C$1.19 and a 52-week high of C$2.80. The business’s fifty day simple moving average is C$1.43. The company has a quick ratio of 25.38, a current ratio of 25.56 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of C$274.10 million and a PE ratio of 4.45.
In other Galiano Gold news, Director Gordon Fretwell sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of C$1.50, for a total transaction of C$74,860.00. Following the transaction, the director now owns 179,800 shares in the company, valued at C$269,196.56.
Galiano Gold Company Profile
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. It also holds interests in the ABG Mali property with four gold exploration licenses covering approximately 167 km located on the Senegal Mali shear zone.
Further Reading: What is total return in investing?
Receive News & Ratings for Galiano Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galiano Gold and related companies with MarketBeat.com's FREE daily email newsletter.