Galiano Gold (TSE:GAU) Downgraded by BMO Capital Markets to Hold

Galiano Gold (TSE:GAU) was downgraded by analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat.com reports. They presently have a C$1.50 price target on the stock, down from their prior price target of C$2.50. BMO Capital Markets’ target price would indicate a potential downside of 9.09% from the company’s current price.

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

Galiano Gold Stock Performance

Shares of TSE GAU opened at C$1.65 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. Galiano Gold has a one year low of C$1.09 and a one year high of C$2.73. The business has a 50-day moving average price of C$1.82 and a two-hundred day moving average price of C$2.02. The firm has a market capitalization of C$423.92 million, a PE ratio of 23.57, a PEG ratio of 0.15 and a beta of 1.05.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.04 by C$0.06. Galiano Gold had a net margin of 10.14% and a return on equity of 4.46%. During the same quarter in the previous year, the company earned $0.07 earnings per share.

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.