Galiano Gold (TSE:GAU) Releases Earnings Results

Galiano Gold (TSE:GAU) issued its quarterly earnings results on Thursday. The company reported C$0.13 EPS for the quarter, FiscalAI reports. The business had revenue of C$222.45 million during the quarter. Galiano Gold had a net margin of 5.57% and a return on equity of 13.11%.

Galiano Gold Stock Up 4.8%

TSE GAU traded up C$0.13 during trading hours on Friday, hitting C$2.86. The company had a trading volume of 582,459 shares, compared to its average volume of 529,408. The firm’s 50 day moving average is C$2.73 and its 200 day moving average is C$3.34. The company has a debt-to-equity ratio of 12.71, a current ratio of 0.97 and a quick ratio of 15.77. Galiano Gold has a fifty-two week low of C$2.02 and a fifty-two week high of C$4.91. The company has a market capitalization of C$747.07 million, a price-to-earnings ratio of 26.00, a P/E/G ratio of 0.15 and a beta of 2.43.

Wall Street Analyst Weigh In

Separately, Freedom Capital upgraded shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Galiano Gold Company Profile

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.