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

Galiano Gold (TSE:GAU) had its target price reduced by equities research analysts at BMO Capital Markets from C$3.50 to C$2.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 50.60% from the stock’s current price.

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 note on Tuesday, November 19th.

Galiano Gold Trading Down 6.2 %

Shares of TSE GAU traded down C$0.11 during trading hours on Wednesday, hitting C$1.66. 98,896 shares of the company traded hands, compared to its average volume of 107,408. 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$426.49 million, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. 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 company’s 50 day moving average price is C$1.91 and its 200 day moving average price is C$2.08.

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.