Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) was up 6.9% during mid-day trading on Thursday . The stock traded as high as $1.41 and last traded at $1.40. Approximately 1,382,434 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 480,853 shares. The stock had previously closed at $1.31.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. HC Wainwright restated a "buy" rating and set a $2.20 price target on shares of Galiano Gold in a research report on Tuesday, February 20th. BMO Capital Markets upped their price objective on shares of Galiano Gold from $1.50 to $2.25 and gave the company an "outperform" rating in a report on Thursday, March 7th.
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Galiano Gold Stock Performance
The stock has a market cap of $355.10 million, a PE ratio of 12.73 and a beta of 1.07. The company has a fifty day moving average of $0.61.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). On average, sell-side analysts forecast that Galiano Gold Inc. will post 0.27 EPS for the current year.
Hedge Funds Weigh In On Galiano Gold
Hedge funds have recently bought and sold shares of the company. Equinox Partners Investment Management LLC raised its position in 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 buying an additional 13,402,496 shares during the last quarter. Donald Smith & CO. Inc. raised its position in 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Galiano Gold in the 4th quarter worth about $1,500,000. Millennium Management LLC raised its position in Galiano Gold by 937.8% in the 4th quarter. Millennium Management LLC now owns 1,128,294 shares of the company's stock worth $587,000 after buying an additional 1,019,576 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Galiano Gold by 720.4% during the 4th quarter. Jane Street Group LLC now owns 478,166 shares of the company's stock valued at $249,000 after purchasing an additional 419,881 shares during the last quarter. Institutional investors own 66.82% of the company's stock.
Galiano Gold Company Profile
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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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