Galiano Gold (NYSEAMERICAN:GAU) Receives Buy Rating from HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.80 price objective on the stock. HC Wainwright’s target price would indicate a potential upside of 113.74% from the stock’s current price. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.42 EPS.

GAU has been the subject of several other research reports. Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th.

Galiano Gold Stock Down 2.2 %

Shares of GAU opened at $1.31 on Wednesday. The firm has a 50-day moving average of $1.23. The company has a market cap of $336.88 million, a price-to-earnings ratio of -65.50 and a beta of 1.05. Galiano Gold has a 52-week low of $1.07 and a 52-week high of $2.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GAU. Banque Cantonale Vaudoise bought a new position in Galiano Gold during the third quarter valued at approximately $33,000. HighTower Advisors LLC acquired a new stake in Galiano Gold during the third quarter worth $36,000. Sprott Inc. acquired a new stake in Galiano Gold during the fourth quarter worth $39,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Galiano Gold during the fourth quarter valued at $54,000. Finally, XTX Topco Ltd bought a new position in shares of Galiano Gold during the third quarter valued at $64,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.