BMO Capital Upgrades Galiano Gold to Outperform, Raises Price Target to C$1.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Raj Ray has upgraded Galiano Gold (TSX:GAU) from Market Perform to Outperform and increased the price target from C$1.2 to C$1.5.
December 22, 2023 | 1:12 pm
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POSITIVE IMPACT
Galiano Gold has been upgraded by BMO Capital from Market Perform to Outperform with a raised price target from C$1.2 to C$1.5.
Upgrades by analysts, especially from Market Perform to Outperform, typically indicate a positive outlook on the stock and can lead to increased investor confidence and a potential rise in the stock price in the short term. The raised price target further supports the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100