Galiano Gold (NYSEAMERICAN:GAU) Rating Lowered to Market Perform at BMO Capital Markets

Galiano Gold (NYSEAMERICAN:GAU) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

GAU has been the subject of a number of other reports. Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. HC Wainwright reaffirmed a “buy” rating and issued a $3.10 target price (down from $4.60) on shares of Galiano Gold in a research note on Thursday, January 16th.

Galiano Gold Price Performance

NYSEAMERICAN:GAU opened at $1.17 on Wednesday. The company has a market cap of $300.78 million, a P/E ratio of -58.50 and a beta of 1.06. Galiano Gold has a 52 week low of $0.80 and a 52 week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $71.13 million during the quarter. As a group, equities analysts anticipate that Galiano Gold will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Galiano Gold

Several hedge funds and other institutional investors have recently bought and sold shares of GAU. JPMorgan Chase & Co. acquired a new stake in Galiano Gold during the 3rd quarter worth approximately $147,000. XTX Topco Ltd purchased a new position in Galiano Gold in the 3rd quarter valued at $64,000. HighTower Advisors LLC purchased a new position in Galiano Gold during the 3rd quarter worth $36,000. De Lisle Partners LLP boosted its holdings in shares of Galiano Gold by 14.0% in the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after acquiring an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Galiano Gold during the third quarter worth about $639,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

About Galiano Gold

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.