Galiano Gold (TSE:GAU) Hits New 12-Month High – Still a Buy?

Galiano Gold Inc. (TSE:GAU)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.46 and last traded at C$4.38, with a volume of 605107 shares trading hands. The stock had previously closed at C$4.24.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of Galiano Gold to a “hold” rating in a research report on Friday, November 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$1.50.

Galiano Gold Trading Up 0.5%

The company has a market cap of C$1.11 billion, a price-to-earnings ratio of -23.67, a P/E/G ratio of 0.15 and a beta of 1.81. The business has a fifty day simple moving average of C$3.52 and a 200 day simple moving average of C$3.17. The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37.

Galiano Gold (TSE:GAU) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$159.01 million during the quarter. Galiano Gold had a negative net margin of 0.35% and a negative return on equity of 0.26%.

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.