Galiano Gold (NYSEAMERICAN:GAU) Given New $3.20 Price Target at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its price objective upped by stock analysts at HC Wainwright from $2.80 to $3.20 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 64.95% from the stock’s current price.

Galiano Gold Stock Performance

NYSEAMERICAN GAU opened at $1.94 on Thursday. The company has a market capitalization of $501.26 million, a P/E ratio of -64.65 and a beta of 0.57. Galiano Gold has a one year low of $1.00 and a one year high of $1.94. The stock has a 50 day moving average price of $1.42 and a 200-day moving average price of $1.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. raised its holdings in Galiano Gold by 939.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 25,009 shares of the company’s stock valued at $32,000 after buying an additional 22,603 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Galiano Gold by 177.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock valued at $59,000 after buying an additional 29,690 shares during the period. American Century Companies Inc. raised its holdings in Galiano Gold by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock valued at $59,000 after buying an additional 9,558 shares during the period. Sprott Inc. raised its holdings in Galiano Gold by 55.9% during the 1st quarter. Sprott Inc. now owns 49,362 shares of the company’s stock valued at $61,000 after buying an additional 17,700 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Galiano Gold during the 2nd quarter valued at $74,000. 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.