Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Wednesday, MarketBeat reports.
A number of other research analysts have also recently commented on GAU. HC Wainwright restated a "buy" rating and issued a $3.10 target price (down previously from $4.60) on shares of Galiano Gold in a research note on Thursday, January 16th. Eight Capital upgraded shares of Galiano Gold to a "strong-buy" rating in a report on Tuesday, November 19th.
View Our Latest Research Report on GAU
Galiano Gold Stock Up 0.9 %
GAU traded up $0.01 during trading on Wednesday, reaching $1.18. The stock had a trading volume of 1,599,584 shares, compared to its average volume of 851,319. Galiano Gold has a one year low of $0.80 and a one year high of $2.00. The stock has a market cap of $303.35 million, a PE ratio of -59.00 and a beta of 1.06.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 earnings per share for the current year.
Hedge Funds Weigh In On Galiano Gold
Hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in Galiano Gold during the third quarter valued at $33,000. HighTower Advisors LLC bought a new position in shares of Galiano Gold during the 3rd quarter valued at about $36,000. XTX Topco Ltd purchased a new position in shares of Galiano Gold during the third quarter valued at about $64,000. Cubist Systematic Strategies LLC increased its holdings in shares of Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company's stock worth $93,000 after purchasing an additional 31,757 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Galiano Gold in the third quarter worth about $147,000. 66.82% of the stock is currently owned by institutional investors.
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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