HC Wainwright Issues Positive Forecast for Galiano Gold (NYSEAMERICAN:GAU) Stock Price

Galiano Gold (NYSEAMERICAN:GAU) had its price target lifted by HC Wainwright from $4.20 to $4.60 in a report published on Tuesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Galiano Gold Stock Up 2.1 %

Shares of NYSEAMERICAN:GAU opened at $1.43 on Tuesday. Galiano Gold has a twelve month low of $0.52 and a twelve month high of $2.00. The company has a market cap of $367.42 million, a P/E ratio of -70.00 and a beta of 1.10.

Hedge Funds Weigh In On Galiano Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Galiano Gold during the 3rd quarter valued at about $33,000. Van ECK Associates Corp increased its position in shares of Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after purchasing an additional 2,070,000 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock valued at $33,911,000 after purchasing an additional 5,961,685 shares during the last quarter. Sapient Capital LLC boosted its position in Galiano Gold by 6.7% in the third quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock valued at $354,000 after buying an additional 15,450 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after buying an additional 31,757 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.

Galiano Gold Company Profile

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.