In a report released today, Ovais Habib from Scotiabank maintained a Hold rating on Galiano Gold (GAU – Research Report), with a price target of C$2.00. The company’s shares closed yesterday at $1.68.
Habib covers the Basic Materials sector, focusing on stocks such as OceanaGold, First Majestic Silver, and Lundin Gold. According to TipRanks, Habib has an average return of 1.1% and a 45.65% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Galiano Gold with a $2.47 average price target.
The company has a one-year high of $1.73 and a one-year low of $0.52. Currently, Galiano Gold has an average volume of 1.08M.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GAU in relation to earlier this year.
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Galiano Gold (GAU) Company Description:
Asanko Gold, Inc. is an exploration company. It engages in the acquisition and exploration of mineral resources in West Ghana. The company was founded by Ivan James Bebek and Shawn Kristen Wallace on September 23, 1999 and is headquartered in Vancouver, Canada.
