Galiano Gold (TSE:GAU) Price Target Raised to C$1.00 at Berenberg Bank

Galiano Gold (TSE:GAU – Get Rating) had its target price increased by Berenberg Bank from C$0.90 to C$1.00 in a note issued to investors on Wednesday, The Fly reports. Berenberg Bank’s price objective would suggest a potential upside of 7.53% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. HC Wainwright reiterated a “buy” rating and issued a C$2.10 price objective on shares of Galiano Gold in a research report on Monday, January 23rd. Scotiabank boosted their target price on Galiano Gold from C$1.00 to C$1.20 in a report on Wednesday, April 12th.

Galiano Gold Stock Performance

TSE:GAU opened at C$0.93 on Wednesday. The firm’s fifty day moving average price is C$0.82 and its 200 day moving average price is C$0.77. Galiano Gold has a 1-year low of C$0.48 and a 1-year high of C$0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 10.10 and a quick ratio of 15.77. The firm has a market cap of C$209.19 million, a price-to-earnings ratio of 3.72, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75.

Galiano Gold Company Profile

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Galiano Gold Inc engages in the exploration, development, and production of gold properties. The company's primary asset is the Asanko Gold Mine 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. Galiano Gold Inc was incorporated in 1999 and is headquartered in Vancouver, Canada.