Galiano Gold Inc. (GAU) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a consensus “Buy” rating on Galiano Gold, with two holds, two buys and two strong buys among six analysts. The average 1-year price target is $3.85, well above the reported share price of $2.09.
• Recent analyst actions were mixed but generally favorable: Canaccord Genuity upgraded the stock to “strong buy,” Zacks Research raised its rating to “hold,” and Freedom Broker reduced its price target to $3.45 while retaining a “buy” rating.
• Galiano reported quarterly revenue of $183.75 million, exceeding estimates, though earnings per share of $0.09 narrowly missed expectations. Hedge funds and institutional investors own 66.82% of the stock, with several firms increasing their positions.

Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) has received a consensus recommendation of "Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.85.

Several analysts recently commented on GAU shares. Zacks Research raised shares of Galiano Gold from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 26th. Canaccord Genuity Group upgraded Galiano Gold to a "strong-buy" rating in a report on Thursday, August 13th. Finally, Freedom Broker lowered their price objective on shares of Galiano Gold from $3.60 to $3.45 and set a "buy" rating on the stock in a research report on Thursday.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN:GAU traded down $0.20 on Thursday, hitting $2.09. The company's stock had a trading volume of 3,278,762 shares, compared to its average volume of 3,210,908. Galiano Gold has a 12 month low of $1.66 and a 12 month high of $3.62. The company has a market capitalization of $547.68 million, a price-to-earnings ratio of 8.04 and a beta of 0.87. The stock's 50-day moving average is $2.16 and its two-hundred day moving average is $2.16.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The business had revenue of $183.75 million for the quarter, compared to analyst estimates of $151.85 million. Galiano Gold had a net margin of 12.19% and a return on equity of 35.34%. Equities analysts expect that Galiano Gold will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Galiano Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Net Worth Advisory Group increased its position in Galiano Gold by 11.3% in the 3rd quarter. Net Worth Advisory Group now owns 106,845 shares of the company's stock worth $208,000 after purchasing an additional 10,861 shares during the last quarter. Venture Visionary Partners LLC bought a new position in shares of Galiano Gold during the 3rd quarter valued at $46,000. Engineers Gate Manager LP raised its holdings in shares of Galiano Gold by 63.3% during the 2nd quarter. Engineers Gate Manager LP now owns 260,028 shares of the company's stock valued at $486,000 after purchasing an additional 100,778 shares in the last quarter. Pale Fire Capital SE raised its holdings in shares of Galiano Gold by 25.9% during the 2nd quarter. Pale Fire Capital SE now owns 5,036,654 shares of the company's stock valued at $9,419,000 after purchasing an additional 1,036,654 shares in the last quarter. Finally, Two Sigma Securities LLC lifted its stake in shares of Galiano Gold by 65.4% in the 2nd quarter. Two Sigma Securities LLC now owns 24,862 shares of the company's stock valued at $46,000 after purchasing an additional 9,828 shares during the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

About Galiano Gold

Galiano Gold Inc is a Canadian gold producer and exploration company focused on the acquisition, development and operation of gold assets in West Africa. The company's primary asset is the Asanko Gold Mine in Ghana, which produces gold through open-pit mining and conventional processing operations.

Galiano Gold operates the Asanko Gold Mine through a partnership with the government of Ghana, which holds a minority interest. The mine is located in Ghana's Ashanti Region, an established gold-producing area, and includes multiple open-pit deposits, processing facilities and additional exploration opportunities intended to support future mineral resource growth.

The company was formerly known as Asanko Gold Inc and adopted the Galiano Gold name in 2020.

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