BMO Capital Markets Issues Pessimistic Forecast for Galiano Gold (TSE:GAU) Stock Price

Galiano Gold (TSE:GAU) had its price objective decreased by analysts at BMO Capital Markets from C$3.50 to C$2.50 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 50.60% from the stock’s previous close.

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

Galiano Gold Trading Down 6.2 %

Shares of Galiano Gold stock traded down C$0.11 during mid-day trading on Wednesday, hitting C$1.66. The stock had a trading volume of 98,896 shares, compared to its average volume of 107,408. The firm has a 50-day moving average of C$1.91 and a two-hundred day moving average of C$2.08. The firm has a market cap of C$426.49 million, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59. Galiano Gold has a 12-month low of C$1.09 and a 12-month high of C$2.73.

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.