Eight Capital Analysts Give Galiano Gold (TSE:GAU) a C$3.50 Price Target

Eight Capital set a C$3.50 price objective on Galiano Gold (TSE:GAU) in a report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Galiano Gold Trading Down 1.0 %

Shares of GAU stock opened at C$1.96 on Tuesday. The stock has a market cap of C$503.56 million, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. Galiano Gold has a 1 year low of C$0.82 and a 1 year 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 simple moving average of C$2.08 and a 200 day simple moving average of C$2.20.

Insider Buying and Selling at Galiano Gold

In related news, Director Judith Mosely sold 49,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. Insiders own 23.08% of the company’s stock.

Galiano Gold Company Profile

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.