Galiano Gold (NYSEAMERICAN:GAU) Price Target Raised to $4.40

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) had its target price boosted by analysts at HC Wainwright from $4.30 to $4.40 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target suggests a potential upside of 151.43% from the stock's current price.

Separately, BMO Capital Markets boosted their price target on Galiano Gold from $1.50 to $2.25 and gave the company an "outperform" rating in a report on Thursday, March 7th.

Galiano Gold Trading Down 0.6 %

Galiano Gold stock traded down $0.01 during midday trading on Tuesday, hitting $1.75. 2,830,045 shares of the company were exchanged, compared to its average volume of 944,428. The stock has a fifty day simple moving average of $0.61. The company has a market cap of $443.87 million, a P/E ratio of 35.00 and a beta of 1.08. Galiano Gold has a fifty-two week low of $0.52 and a fifty-two week high of $1.85.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $31.70 million for the quarter. On average, sell-side analysts predict that Galiano Gold will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Galiano Gold

Hedge funds have recently added to or reduced their stakes in the business. Equinox Partners Investment Management LLC lifted its position in shares of Galiano Gold by 60.5% in the 4th quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company's stock worth $32,762,000 after acquiring an additional 13,402,496 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Galiano Gold in the 4th quarter worth approximately $1,500,000. Donald Smith & CO. Inc. raised its holdings in shares of Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company's stock worth $16,063,000 after buying an additional 4,817,585 shares in the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Galiano Gold in the 1st quarter worth approximately $279,000. Institutional investors own 66.82% of the company's stock.

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.