Galiano Gold (TSE:GAU) Stock Price Down 2.4% – What’s Next?

Galiano Gold Inc. (TSE:GAU) was down 2.4% during trading on Thursday. The stock traded as low as C$2.78 and last traded at C$2.87. Approximately 399,980 shares changed hands during trading, a decline of 25% from the average daily volume of 535,561 shares. The stock had previously closed at C$2.94.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$5.50 price target on shares of Galiano Gold and gave the company a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$5.50.

Galiano Gold Stock Performance

The firm has a 50 day simple moving average of C$3.00 and a 200-day simple moving average of C$3.25. The company has a debt-to-equity ratio of 23.50, a current ratio of 1.23 and a quick ratio of 15.77. The company has a market cap of C$706.30 million, a price-to-earnings ratio of 10.00, a PEG ratio of 0.15 and a beta of 2.74.

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

Insider Transactions at Galiano Gold

In related news, insider Michael Cardinaels purchased 25,000 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average cost of C$2.70 per share, for a total transaction of C$67,500.00. Following the completion of the transaction, the insider directly owned 45,000 shares in the company, valued at approximately C$121,500. The trade was a 125.00% increase in their ownership of the stock. Also, insider Sean Gregersen sold 37,334 shares of the business’s 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. Corporate insiders own 23.08% of the company’s stock.

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.