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

HC Wainwright reiterated their buy rating on shares of Galiano Gold (NYSEAMERICAN:GAU) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $2.80 target price on the stock.

A number of other research firms have also recently issued reports on GAU. Eight Capital upgraded 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 Price Performance

NYSEAMERICAN GAU opened at $1.34 on Wednesday. The firm has a market capitalization of $344.59 million, a PE ratio of -67.00 and a beta of 1.05. The company has a 50 day simple moving average of $1.23. Galiano Gold has a 12-month low of $1.07 and a 12-month high of $2.00.

Hedge Funds Weigh In On Galiano Gold

A number of institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new position in Galiano Gold during the third quarter worth $33,000. HighTower Advisors LLC bought a new position in Galiano Gold during the third quarter worth $36,000. Sprott Inc. bought a new position in Galiano Gold during the fourth quarter worth $39,000. Dynamic Technology Lab Private Ltd bought a new position in Galiano Gold during the fourth quarter worth $54,000. Finally, XTX Topco Ltd bought a new position in Galiano Gold during the third quarter worth $64,000. Institutional investors own 66.82% of the company’s stock.

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.