Galiano Gold (NYSEAMERICAN:GAU) Given New $4.20 Price Target at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its price target lowered by equities research analysts at HC Wainwright from $4.40 to $4.20 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 211.11% from the stock’s previous close.

Galiano Gold Stock Performance

Shares of Galiano Gold stock traded up $0.01 during trading on Monday, hitting $1.35. The stock had a trading volume of 1,225,393 shares, compared to its average volume of 1,077,929. Galiano Gold has a 12 month low of $0.52 and a 12 month high of $2.00. The stock has a market cap of $345.03 million, a P/E ratio of 27.00 and a beta of 1.10.

Galiano Gold (NYSEAMERICAN:GAU) last announced its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million during the quarter. Sell-side analysts predict that Galiano Gold will post 0.25 earnings per share for the current year.

Institutional Trading of Galiano Gold

A number of hedge funds have recently made changes to their positions in GAU. National Bank of Canada FI purchased a new stake in Galiano Gold in the second quarter worth approximately $59,000. Virtu Financial LLC purchased a new position in shares of Galiano Gold during the first quarter worth approximately $118,000. Sapient Capital LLC bought a new stake in shares of Galiano Gold in the 1st quarter worth approximately $279,000. Acadian Asset Management LLC boosted its stake in shares of Galiano Gold by 172.5% in the 1st quarter. Acadian Asset Management LLC now owns 329,874 shares of the company’s stock valued at $453,000 after purchasing an additional 208,800 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Galiano Gold during the 4th quarter valued at $1,500,000. 66.82% of the stock is owned by institutional investors.

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.