Galiano Gold (NYSEAMERICAN:GAU) Price Target Cut to $4.20

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

Galiano Gold Price Performance

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

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly 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 firm had revenue of $63.00 million for the quarter. As a group, research analysts anticipate that Galiano Gold will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. National Bank of Canada FI bought a new position in Galiano Gold in the second quarter valued at $59,000. Virtu Financial LLC acquired a new stake in shares of Galiano Gold in the first quarter valued at about $118,000. Sapient Capital LLC bought a new stake in Galiano Gold during the first quarter worth about $279,000. Acadian Asset Management LLC boosted its position in Galiano Gold by 172.5% during the first 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 during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Galiano Gold in the fourth quarter valued at approximately $1,500,000. 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.