BMO Capital Markets Has Lowered Expectations for Galiano Gold (TSE:GAU) Stock Price

Galiano Gold (TSE:GAUGet Free Report) had its price target dropped by stock analysts at BMO Capital Markets from C$3.50 to C$2.50 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 59.24% from the stock’s previous close.

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

Read Our Latest Analysis on GAU

Galiano Gold Trading Down 4.8 %

Shares of GAU opened at C$1.57 on Wednesday. The stock has a fifty day moving average price of C$1.90 and a two-hundred day moving average price of C$2.07. The company has a market cap of C$403.36 million, a price-to-earnings ratio of 22.43, a PEG ratio of 0.15 and a beta of 1.05. 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.

About Galiano Gold

(Get Free Report)

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.

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