Zacks Investment Research Downgrades Galiano Gold (NYSEMKT:GAU) to Strong Sell

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Galiano Gold (NYSEMKT:GAU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, reports.

According to Zacks, “Galiano Gold Inc. provides mining services. It principally explores and develops gold fields. The company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. Galiano Gold Inc., formerly known as Asanko Gold Inc., is based in VANCOUVER. “

A number of other research firms also recently commented on GAU. Desjardins reiterated a “buy” rating on shares of Galiano Gold in a report on Monday, December 7th. Scotiabank lowered their price target on Galiano Gold from $2.50 to $2.25 and set a “sector perform” rating for the company in a report on Monday, January 11th. Finally, BMO Capital Markets started coverage on Galiano Gold in a report on Tuesday, February 9th. They issued a “market perform” rating for the company.

The company has a market cap of $260.11 million, a PE ratio of 6.44 and a beta of 0.66.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration, development, and production of gold properties. It operates and manages the Asanko Gold Mine, which is located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020. Galiano Gold Inc was incorporated in 1999 and is headquartered in Vancouver, Canada.

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