Galiano Gold (NYSEAMERICAN:GAU) Price Target Raised to $4.30

Galiano Gold (NYSEAMERICAN:GAU) had its price target increased by HC Wainwright from $2.20 to $4.30 in a research report report published on Monday, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Galiano Gold’s FY2024 earnings at $0.25 EPS and FY2025 earnings at $0.51 EPS.

Separately, BMO Capital Markets boosted 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 Up 4.7 %

Shares of GAU stock opened at $1.68 on Monday. Galiano Gold has a 52-week low of $0.52 and a 52-week high of $1.73. The company has a market cap of $424.85 million, a P/E ratio of 15.23 and a beta of 1.12. The stock has a 50-day moving average price of $0.61.

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

Hedge Funds Weigh In On Galiano Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Sapient Capital LLC bought a new position in Galiano Gold in the first quarter worth approximately $279,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Galiano Gold during the fourth quarter valued at about $1,500,000. Donald Smith & CO. Inc. increased its position in shares of Galiano Gold by 39.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after purchasing an additional 4,817,585 shares in the last quarter. Finally, Equinox Partners Investment Management LLC raised its stake 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 valued at $32,762,000 after buying an additional 13,402,496 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.