Scotiabank Boosts Galiano Gold (TSE:GAU) Price Target to C$2.25

Galiano Gold (TSE:GAU) had its target price increased by Scotiabank from C$2.00 to C$2.25 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential downside of 7.02% from the company’s current price.

Separately, BMO Capital Markets boosted their price objective on Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.

Galiano Gold Stock Performance

GAU stock remained flat at C$2.42 during midday trading on Thursday. 201,600 shares of the company traded hands, compared to its average volume of 200,746. The company has a current ratio of 2.49, a quick ratio of 15.77 and a debt-to-equity ratio of 10.81. The firm has a market cap of C$614.99 million, a price-to-earnings ratio of 30.38, a P/E/G ratio of 0.15 and a beta of 1.03. The company’s fifty day moving average price is C$2.05 and its two-hundred day moving average price is C$1.45. Galiano Gold has a 1-year low of C$0.68 and a 1-year high of C$2.54.

Insiders Place Their Bets

In related news, Director Paul Nicholas Wright acquired 59,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of C$1.18 per share, for a total transaction of C$70,210.00. In other Galiano Gold news, Director Paul Nicholas Wright purchased 59,500 shares of Galiano Gold stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of C$1.18 per share, with a total value of C$70,210.00. Also, Senior Officer Krista Muhr sold 93,333 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$2.31, for a total value of C$215,319.23. Over the last ninety days, insiders purchased 81,985 shares of company stock worth $101,652 and sold 258,433 shares worth $466,416. Corporate insiders own 23.42% 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.