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

BMO Capital Markets lowered shares of Galiano Gold (TSE:GAU) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Galiano Gold Trading Down 2.9 %

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. The stock has a market capitalization of C$423.92 million, a P/E ratio of 23.57, a P/E/G ratio of 0.15 and a beta of 1.05. The firm’s fifty day simple moving average is C$1.82 and its 200 day simple moving average is C$2.02. Galiano Gold has a 12 month low of C$1.09 and a 12 month high of C$2.73.

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