H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Galiano Gold (GAU – Research Report) today and set a price target of $1.90. The company’s shares closed last Friday at $0.73.
According to TipRanks, Ihle is an analyst with an average return of -12.2% and a 31.66% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Gold Resource, and Endeavour Silver.
Galiano Gold has an analyst consensus of Moderate Buy, with a price target consensus of $1.12.
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Based on Galiano Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $46.52 million and a net profit of $28.5 million. In comparison, last year the company had a GAAP net loss of $91.03 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is neutral on the stock.
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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.
Read More on GAU:
- GALIANO GOLD REPORTS Q1 2023 OPERATING AND FINANCIAL RESULTS
- Galiano Gold price target raised to C$1.20 from C$1 at Scotiabank
- Galiano Gold price target lowered to C$0.90 from C$1.10 at Berenberg
- Galiano Gold reports Q4 EPS (3c), two estimates 1c
- GALIANO GOLD REPORTS Q4 AND FULL YEAR 2022 OPERATING AND FINANCIAL RESULTS
