Galiano Gold (NYSEAMERICAN:GAU) Price Target Raised to $4.40 at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its price target hoisted by HC Wainwright from $4.30 to $4.40 in a research note released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, BMO Capital Markets increased their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the company an outperform rating in a report on Thursday, March 7th.

Galiano Gold Stock Down 0.6 %

Galiano Gold stock opened at $1.75 on Tuesday. Galiano Gold has a 52 week low of $0.52 and a 52 week high of $1.85. The company has a market capitalization of $443.87 million, a price-to-earnings ratio of 35.00 and a beta of 1.08. The business has a 50-day simple moving average of $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $31.70 million during the quarter. On average, analysts predict that Galiano Gold will post 0.27 earnings per share for the current year.

Institutional Trading of Galiano Gold

A number of institutional investors and hedge funds have recently modified their holdings of GAU. Equinox Partners Investment Management LLC raised its position in Galiano Gold by 60.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock worth $32,762,000 after purchasing an additional 13,402,496 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Galiano Gold in the 4th quarter valued at approximately $1,500,000. Donald Smith & CO. Inc. grew its stake in shares of Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock valued at $16,063,000 after purchasing an additional 4,817,585 shares during the period. Finally, Sapient Capital LLC acquired a new position in shares of Galiano Gold in the 1st quarter worth approximately $279,000. 66.82% of the stock is currently owned by institutional investors.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.