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

HC Wainwright restated their buy rating on shares of Galiano Gold (NYSEAMERICAN:GAU) in a research report report published on Thursday,Benzinga reports. HC Wainwright currently has a $3.10 price target on the stock, down from their previous price target of $4.60.

Separately, Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.12 on Thursday. Galiano Gold has a 1-year low of $0.80 and a 1-year high of $2.00. The company has a market cap of $287.93 million, a PE ratio of -56.00 and a beta of 1.06.

Institutional Investors Weigh In On Galiano Gold

Several hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Galiano Gold during the 3rd quarter worth about $33,000. HighTower Advisors LLC acquired a new position in Galiano Gold during the 3rd quarter worth about $36,000. XTX Topco Ltd acquired a new position in Galiano Gold during the 3rd quarter worth about $64,000. Cubist Systematic Strategies LLC lifted its holdings in Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after buying an additional 31,757 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Galiano Gold in the 3rd quarter worth about $147,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.