Galiano Gold’s (GAU) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Galiano Gold (NYSEAMERICAN:GAU) in a report released on Wednesday,Benzinga reports. HC Wainwright currently has a $2.80 target price on the stock.

Several other equities analysts have also recently issued reports on the stock. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets cut shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.

Galiano Gold Stock Performance

Galiano Gold stock opened at $1.34 on Wednesday. The firm has a market cap of $344.59 million, a PE ratio of -67.00 and a beta of 1.05. The firm’s 50-day moving average is $1.23. Galiano Gold has a 52 week low of $1.07 and a 52 week high of $2.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted its holdings in shares of Galiano Gold by 7.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock worth $31,621,000 after purchasing an additional 1,827,084 shares during the period. Ruffer LLP boosted its holdings in shares of Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after purchasing an additional 838,300 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Galiano Gold by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company’s stock worth $3,372,000 after purchasing an additional 16,677 shares during the period. Aegis Financial Corp boosted its holdings in shares of Galiano Gold by 2,154.8% during the fourth quarter. Aegis Financial Corp now owns 2,392,299 shares of the company’s stock worth $2,978,000 after purchasing an additional 2,286,199 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Galiano Gold by 20.6% during the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company’s stock worth $2,233,000 after purchasing an additional 309,781 shares during the period. 66.82% of the stock is owned by hedge funds and other 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.