Cormark Raises Galiano Gold (TSE:GAU) Price Target to C$3.00

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, 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.

Galiano Gold (TSE:GAU) last posted its quarterly earnings data on Wednesday, May 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.05 by C$0.03. As a group, sell-side analysts forecast that Galiano Gold will post 0.12 EPS for the current year.

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.

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