Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) shares were up 0.8% during mid-day trading on Wednesday . The company traded as high as $1.36 and last traded at $1.34. Approximately 651,581 shares were traded during trading, a decline of 30% from the average daily volume of 925,328 shares. The stock had previously closed at $1.33.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and issued a $2.80 price target on shares of Galiano Gold in a research note on Wednesday, March 19th.
Get Our Latest Research Report on Galiano Gold
Galiano Gold Stock Performance
The business's 50 day moving average is $1.40 and its 200-day moving average is $1.31. The firm has a market capitalization of $353.17 million, a price-to-earnings ratio of -19.57 and a beta of 0.69.
Institutional Trading of Galiano Gold
Several institutional investors have recently made changes to their positions in GAU. Goldman Sachs Group Inc. boosted its position in Galiano Gold by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 882,962 shares of the company's stock valued at $1,095,000 after buying an additional 106,685 shares in the last quarter. Pale Fire Capital SE bought a new position in shares of Galiano Gold in the first quarter worth about $4,459,000. Sprott Inc. raised its stake in shares of Galiano Gold by 55.9% in the first quarter. Sprott Inc. now owns 49,362 shares of the company's stock worth $61,000 after acquiring an additional 17,700 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Galiano Gold by 1.5% in the first quarter. Donald Smith & CO. Inc. now owns 26,092,047 shares of the company's stock worth $32,354,000 after acquiring an additional 383,640 shares during the last quarter. Finally, Ruffer LLP raised its stake in shares of Galiano Gold by 2.7% in the first quarter. Ruffer LLP now owns 18,943,252 shares of the company's stock worth $23,307,000 after acquiring an additional 504,990 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.
About Galiano Gold
(
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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.
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