Scotiabank analyst Ovais Habib maintained a Hold rating on Galiano Gold (GAU – Research Report) today and set a price target of C$2.00. The company’s shares closed yesterday at $1.45.
Habib covers the Basic Materials sector, focusing on stocks such as OceanaGold, First Majestic Silver, and SSR Mining. According to TipRanks, Habib has an average return of 1.0% and a 46.10% success rate on recommended stocks.
Galiano Gold has an analyst consensus of Moderate Buy, with a price target consensus of $1.76.
Based on Galiano Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.76 million. In comparison, last year the company earned a revenue of $47.94 million and had a net profit of $29.37 million
Based on the recent corporate insider activity of 30 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.
