Galiano Gold (TSE:GAU) Raised to “Strong-Buy” at Freedom Capital

Galiano Gold (TSE:GAU) was upgraded by Freedom Capital from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Galiano Gold Stock Performance

TSE:GAU opened at C$3.12 on Tuesday. The company has a quick ratio of 15.77, a current ratio of 0.97 and a debt-to-equity ratio of 12.71. Galiano Gold has a fifty-two week low of C$1.68 and a fifty-two week high of C$4.91. The stock has a market cap of C$814.99 million, a PE ratio of 28.36, a price-to-earnings-growth ratio of 0.15 and a beta of 2.39. The firm’s fifty day simple moving average is C$3.43 and its 200-day simple moving average is C$3.59.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.15 earnings per share for the quarter. Galiano Gold had a net margin of 5.57% and a return on equity of 13.11%. The business had revenue of C$231.52 million for the quarter.

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.