H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Galiano Gold (GAU – Research Report) today and set a price target of $2.00. The company’s shares closed last Friday at $0.49.
Ihle covers the Basic Materials sector, focusing on stocks such as Golden Minerals Co, Great Panther Silver, and Hecla Mining Company. According to TipRanks, Ihle has an average return of -11.4% and a 29.21% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Galiano Gold with a $1.31 average price target, a 168.11% upside from current levels. In a report released today, Berenberg Bank also upgraded the stock to a Buy with a C$0.80 price target.
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The company has a one-year high of $0.91 and a one-year low of $0.36. Currently, Galiano Gold has an average volume of 297.1K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GAU in relation to earlier this year.
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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.
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