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

Galiano Gold (TSE:GAU) had its price target reduced by BMO Capital Markets from C$3.50 to C$2.50 in a research note published on Wednesday morning,BayStreet.CA reports.

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 Trading Down 0.6 %

Shares of Galiano Gold stock opened at C$1.56 on Wednesday. Galiano Gold has a 12-month low of C$1.09 and a 12-month high of C$2.73. The stock has a market capitalization of C$400.80 million, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The company has a 50-day simple moving average of C$1.89 and a 200 day simple moving average of C$2.07. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59.

About Galiano Gold

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.