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HC Wainwright Forecasts Strong Price Appreciation for Galiano Gold (NYSEAMERICAN:GAU) Stock

Galiano Gold logo with Basic Materials background

Key Points

  • HC Wainwright has raised the price target for Galiano Gold (GAU) from $2.80 to $3.20, suggesting a substantial potential upside of 102.53% from the current stock price.
  • The company's market capitalization stands at $408.24 million, and its stock is currently trading around $1.58.
  • Institutional investors have significantly increased their holdings in Galiano Gold, with hedge funds owning approximately 66.82% of the stock.
  • Looking to export and analyze Galiano Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) had its price target boosted by research analysts at HC Wainwright from $2.80 to $3.20 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the stock. HC Wainwright's target price indicates a potential upside of 56.86% from the company's current price. HC Wainwright also issued estimates for Galiano Gold's FY2026 earnings at $0.72 EPS.

Galiano Gold Stock Performance

Galiano Gold stock opened at $2.04 on Thursday. The business's 50-day simple moving average is $1.43 and its two-hundred day simple moving average is $1.33. Galiano Gold has a fifty-two week low of $1.00 and a fifty-two week high of $2.05. The company has a market cap of $527.30 million, a PE ratio of -67.98 and a beta of 0.57.

Institutional Trading of Galiano Gold

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in Galiano Gold by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock worth $3,372,000 after acquiring an additional 16,677 shares during the last quarter. Marshall Wace LLP raised its position in Galiano Gold by 20.6% during the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company's stock worth $2,233,000 after acquiring an additional 309,781 shares during the last quarter. Bank of America Corp DE raised its position in Galiano Gold by 46.9% during the fourth quarter. Bank of America Corp DE now owns 860,516 shares of the company's stock worth $1,058,000 after acquiring an additional 274,759 shares during the last quarter. Two Sigma Advisers LP raised its position in Galiano Gold by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 155,800 shares of the company's stock worth $192,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Sapient Capital LLC raised its position in shares of Galiano Gold by 16.0% in the first quarter. Sapient Capital LLC now owns 287,394 shares of the company's stock valued at $353,000 after buying an additional 39,700 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

About Galiano Gold

(Get Free Report)

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.

Further Reading

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