In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Galiano Gold (GAU), with a price target of $2.90. The company’s shares closed last Friday at $1.11.
According to TipRanks.com, Ihle is a top 25 analyst with an average return of 48.8% and a 69.1% 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 $2.05 average price target, a 76.7% upside from current levels. In a report released today, Berenberg Bank also maintained a Buy rating on the stock with a C$2.40 price target.
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Galiano Gold’s market cap is currently $260.1M and has a P/E ratio of 12.00. The company has a Price to Book ratio of 1.28.
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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.
