Galiano Gold (NYSEAMERICAN:GAU - Get Free Report)'s stock had its "buy" rating reiterated by HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $2.80 price objective on the stock. HC Wainwright's price objective indicates a potential upside of 124.00% from the company's current price. HC Wainwright also issued estimates for Galiano Gold's FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.61 EPS.
Several other research analysts have also recently weighed in on the stock. Eight Capital raised shares of Galiano Gold to a "strong-buy" rating in a report on Tuesday, November 19th. BMO Capital Markets cut shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th.
Read Our Latest Analysis on GAU
Galiano Gold Stock Down 4.6 %
Shares of GAU stock traded down $0.06 on Wednesday, reaching $1.25. The stock had a trading volume of 689,958 shares, compared to its average volume of 1,020,192. The stock's 50-day moving average price is $1.23. The stock has a market capitalization of $321.45 million, a price-to-earnings ratio of -62.50 and a beta of 1.05. Galiano Gold has a 12 month low of $1.07 and a 12 month high of $2.00.
Institutional Trading of Galiano Gold
Large investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Galiano Gold in the third quarter valued at approximately $33,000. The Manufacturers Life Insurance Company acquired a new stake in Galiano Gold in the third quarter valued at approximately $639,000. De Lisle Partners LLP boosted its position in 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 buying an additional 100,000 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Galiano Gold in the third quarter valued at approximately $36,000. Finally, XTX Topco Ltd acquired a new stake in Galiano Gold in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 66.82% of the company's stock.
Galiano Gold Company Profile
(
Get Free Report)
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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