Galiano Gold (NYSEAMERICAN:GAU) PT Raised to $4.30 at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its target price increased by research analysts at HC Wainwright from $2.20 to $4.30 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 166.25% from the company’s current price.

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

Galiano Gold Stock Performance

NYSEAMERICAN GAU opened at $1.62 on Monday. Galiano Gold has a 12 month low of $0.52 and a 12 month high of $1.73. The stock has a market capitalization of $409.63 million, a PE ratio of 14.68 and a beta of 1.12. The business has a fifty day moving average of $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last released its earnings results on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). As a group, equities research analysts expect that Galiano Gold will post 0.19 earnings per share for the current year.

Institutional Trading of Galiano Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Equinox Partners Investment Management LLC raised its stake in Galiano Gold by 60.5% during the 4th quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock valued at $32,762,000 after purchasing an additional 13,402,496 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Galiano Gold during the 4th quarter valued at approximately $1,500,000. Donald Smith & CO. Inc. raised its stake in Galiano Gold by 39.3% during 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 bought a new stake in Galiano Gold during the 1st quarter valued at approximately $279,000. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

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.