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

Galiano Gold (NYSEAMERICAN:GAU) had its price target increased by HC Wainwright from $4.30 to $4.40 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, BMO Capital Markets lifted their price target on Galiano Gold from $1.50 to $2.25 and gave the stock an outperform rating in a research note on Thursday, March 7th.

Galiano Gold Price Performance

Shares of Galiano Gold stock opened at $1.75 on Tuesday. The stock has a market cap of $443.87 million, a P/E ratio of 35.00 and a beta of 1.08. Galiano Gold has a 1 year low of $0.52 and a 1 year high of $1.85. The stock’s fifty day simple moving average is $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $31.70 million for the quarter. As a group, sell-side analysts anticipate that Galiano Gold will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Equinox Partners Investment Management LLC boosted its stake in shares of 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 purchasing an additional 13,402,496 shares during the period. Donald Smith & CO. Inc. boosted its position in 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 buying an additional 4,817,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Galiano Gold during the fourth quarter valued at about $1,500,000. Finally, Sapient Capital LLC purchased a new stake in shares of Galiano Gold during the first quarter worth about $279,000. Institutional investors and hedge funds 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.