Galiano Gold (NYSEAMERICAN:GAU – Get Free Report) had its target price dropped by stock analysts at HC Wainwright from $3.10 to $2.80 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 145.61% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday.
Read Our Latest Research Report on GAU
Galiano Gold Stock Performance
Galiano Gold (NYSEAMERICAN:GAU – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $71.13 million for the quarter. As a group, equities analysts predict that Galiano Gold will post 0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Galiano Gold
Several institutional investors and hedge funds have recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its holdings in Galiano Gold by 33.3% in 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 during the last quarter. Van ECK Associates Corp increased its holdings in shares of Galiano Gold by 43.3% in 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. Marshall Wace LLP raised its stake in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after purchasing an additional 1,013,141 shares during the last quarter. De Lisle Partners LLP lifted its holdings in shares of Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Galiano Gold during the third quarter valued at $639,000. 66.82% of the stock is currently 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.
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