GalianoInvestment activity in the gold market has increased in recent months, thanks to soaring prices and optimism for commodities in a global recession. With the U.S. Dollar and treasury yields facing challenges, gold is popular with mainstream investors. There are also opportunities for alternative investors seeking new bargains like Galiano.

Galiano Gold Inc. (NYSE: GAU) is one of the best bargain options today. This stock has rallied in 2020 and its parallels to the alternative energy industry make it appealing. Gold is a major component used in solar panel manufacturing, and the metal is also used in some emerging battery technologies. As the demand for solar increases, gold prices could continue to grow. Even looking outside of the alternative energy market, gold is attractive because it is seen as a safety net against economic volatility.

Galiano has high-yield mining operations in West Ghana. With gold’s continued price growth, the revenue upside for this company could be significant. This stock is up since we previously reviewed it. The stock price has increased by 14.29% in the last 30-days, reinforcing its potential as a bargain growth pick. The target price of $2.05 suggests there’s still room for an upside for investors who missed this stock in July.

Key Data:

  • 1 Year Price Growth: 55%
  • YTD Price Growth: 26%
  • 3 Month Price Growth: 94%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.