GAU - Galiano Gold's Promising Future Post-Asanko Mine Deal: Analyst Upgrades Stock | Benzinga

BMO Capital Markets analyst Raj Ray upgraded Galiano Gold Inc. (AMEX: GAU) to Outperform from Market Perform, raising the price target to C$1.50 from C$1.20.

The announcement of the Asanko Gold Mine (AGM) consolidation by Galiano is a long-awaited transaction, simplifying the ownership structure and giving Galiano operational and strategic flexibility over the asset's future, the analyst writes.

The analyst also sees good potential for further optimization and future exploration growth at the AGM that could make the company attractive, especially given its heavily discounted valuation and Full story available on Benzinga.com