Galiano Gold’s (GAU) Buy Rating Reaffirmed at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $2.80 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 124.00% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets cut shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th.

Galiano Gold Price Performance

Shares of GAU opened at $1.25 on Wednesday. The stock has a 50 day simple moving average of $1.23. Galiano Gold has a fifty-two week low of $1.05 and a fifty-two week high of $2.00. The stock has a market cap of $321.45 million, a PE ratio of -62.50 and a beta of 1.05.

Institutional Investors Weigh In On Galiano Gold

Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in Galiano Gold during the third quarter valued at approximately $639,000. XTX Topco Ltd purchased a new position in shares of Galiano Gold in the third quarter worth $64,000. JPMorgan Chase & Co. purchased a new position in shares of Galiano Gold in the third quarter worth $147,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold in the third quarter worth $36,000. Finally, Ruffer LLP raised its holdings in shares of Galiano Gold by 4.8% in the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after buying an additional 838,300 shares during the last quarter. Hedge funds and other 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.