Galiano Gold price target lowered to $2.50 from $3.50 at BMO Capital

BMO Capital lowered the firm’s price target on Galiano Gold (GAU) to $2.50 from $3.50 and keeps an Outperform rating on the shares. The company announced full year 2024 production results from its Asanko Gold Mine operation in Ghana and the result was a miss vs. the firm’s estimate, while its full year production also missed the company’s revised guidance, the analyst tells investors in a research note. Operational metrics seemed to have shown some improvement in the second half of FY224, bit going into 2025, the firm sees potential for operational volatility, the firm added.