Key Points
- Insider Michael Cardinaels purchased 25,000 Galiano Gold shares at C$2.70 each, investing C$67,500 and increasing his holdings by 125% to 45,000 shares.
- Galiano Gold shares opened at C$2.80 and have a market capitalization of approximately C$732.5 million; the stock trades below its 50-day and 200-day moving averages.
- Analysts maintain a consensus “Buy” rating with an average price target of C$5.50, while the company recently reported C$0.13 in quarterly EPS and C$222.45 million in revenue.
Galiano Gold Inc. (TSE:GAU - Get Free Report) insider Michael Cardinaels acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of C$2.70 per share, for a total transaction of C$67,500.00. Following the transaction, the insider owned 45,000 shares of the company's stock, valued at C$121,500. This trade represents a 125.00% increase in their ownership of the stock.
Galiano Gold Trading Up 2.6%
Shares of GAU stock opened at C$2.80 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 15.77 and a debt-to-equity ratio of 23.50. Galiano Gold Inc. has a 12-month low of C$2.35 and a 12-month high of C$4.91. The stock has a market capitalization of C$732.46 million, a P/E ratio of 10.37, a P/E/G ratio of 0.15 and a beta of 2.64. The firm's 50 day moving average is C$2.90 and its 200 day moving average is C$3.05.
Galiano Gold (TSE:GAU - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$222.45 million during the quarter. Galiano Gold had a net margin of 11.96% and a return on equity of 28.60%.
Analyst Ratings Changes
Separately, Canaccord Genuity Group set a C$5.50 price objective on 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 assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$5.50.
Get Our Latest Stock Report on Galiano Gold
Galiano Gold Company Profile
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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.
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