Galiano Gold (TSE:GAU) Shares Up 0.7% – Time to Buy?

Galiano Gold Inc. (TSE:GAUGet Free Report)’s share price was up 0.7% during mid-day trading on Wednesday . The company traded as high as C$3.17 and last traded at C$3.08. 372,150 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 555,078 shares. The stock had previously closed at C$3.06.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GAU shares. Canaccord Genuity Group set a C$5.50 price target on shares of Galiano Gold and gave the company a “buy” rating in a report on Thursday, August 13th. Freedom Capital upgraded shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$5.50.

Check Out Our Latest Research Report on GAU

Galiano Gold Stock Performance

The firm has a market capitalization of C$782.16 million, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.15 and a beta of 2.64. The company has a 50-day moving average price of C$2.83 and a 200-day moving average price of C$3.19. The company has a quick ratio of 15.77, a current ratio of 1.23 and a debt-to-equity ratio of 23.50.

Galiano Gold (TSE:GAUGet Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. Galiano Gold had a net margin of 11.96% and a return on equity of 28.60%. The firm had revenue of C$222.45 million for the quarter.

Insider Activity at Galiano Gold

In related news, insider Sean Gregersen sold 37,334 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$2.92, for a total transaction of C$109,015.28. 23.08% of the stock is owned by insiders.

About Galiano Gold

(Get Free Report)

Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities.

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