Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) had its target price increased by HC Wainwright from $4.20 to $4.60 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price target suggests a potential upside of 221.68% from the company's current price.
Galiano Gold Stock Up 2.1 %
Shares of GAU stock traded up $0.03 during trading hours on Tuesday, reaching $1.43. The company had a trading volume of 865,226 shares, compared to its average volume of 987,193. Galiano Gold has a 12 month low of $0.52 and a 12 month high of $2.00. The firm has a market capitalization of $367.42 million, a PE ratio of -70.00 and a beta of 1.10.
Institutional Trading of Galiano Gold
Several hedge funds have recently added to or reduced their stakes in GAU. Donald Smith & CO. Inc. boosted its stake in shares of Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company's stock worth $33,911,000 after acquiring an additional 5,961,685 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Galiano Gold in the second quarter worth $8,219,000. Marshall Wace LLP lifted its position in shares of Galiano Gold by 208.8% during the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock worth $2,577,000 after buying an additional 1,013,141 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock valued at $1,613,000 after buying an additional 614,316 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Galiano Gold in the first quarter valued at approximately $118,000. Institutional investors own 66.82% of the company's stock.
About Galiano Gold
(
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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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