H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Galiano Gold (GAU) today and set a price target of $2.80. The company’s shares closed last Monday at $1.26.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 54.1% and a 72.2% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Galiano Gold with a $2.22 average price target.
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Based on Galiano Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $3.21 million. In comparison, last year the company had a GAAP net loss of $148 million.
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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.
