7 Most Undervalued Canadian Stocks To Buy According To Analysts

03. Galiano Gold Inc. (NYSE:GAU)

Upside Potential: 108%

Forward Price to Earnings (P/E) Ratio: 2.46 

Number of Hedge Fund Holders: 7

Galiano Gold Inc. (NYSE:GAU) is a Vancouver-based gold mining company primarily engaged in the exploration and evaluation of gold properties in Canada. The company’s flagship asset, the Asanko Gold Mine, is located in Ghana, West Africa, and spans approximately 21,000 hectares. Founded in 1999, Galiano Gold was formerly known as Asanko Gold Inc. before rebranding in May 2020.

The company’s strong balance sheet remains strong with $123 million in cash. This gives it room to fund growth initiatives such as the Nkran pit project. Moreover, Galiano Gold Inc. (NYSE:GAU) has boosted the gold reserves at its Abore deposit by 45%, adding 151,000 ounces, which enhances its long-term production outlook.

With its solid financial metrics, efficient operational execution, and strategic initiatives, Galiano Gold Inc. (NYSE:GAU) presents an attractive investment opportunity in the gold sector, positioning it as one of the most undervalued Canadian stocks to consider according to analysts.