Galiano Gold (TSE:GAU) Price Target Cut to C$2.50 by Analysts at BMO Capital Markets

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

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

Galiano Gold Trading Down 6.8 %

TSE GAU opened at C$1.65 on Wednesday. Galiano Gold has a 12 month low of C$1.09 and a 12 month high of C$2.73. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The stock has a 50 day moving average of C$1.91 and a 200-day moving average of C$2.08. The company has a market cap of C$423.92 million, a PE ratio of 23.57, a PEG ratio of 0.15 and a beta of 1.05.

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.