Galiano Gold (NYSEAMERICAN:GAU) Price Target Increased to $4.40 by Analysts at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its target price raised by research analysts at HC Wainwright from $4.30 to $4.40 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 151.43% from the company’s current price.

Separately, BMO Capital Markets upped their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a research report on Thursday, March 7th.

Galiano Gold Price Performance

Galiano Gold stock opened at $1.75 on Tuesday. The stock’s fifty day simple moving average is $0.61. The firm has a market cap of $443.87 million, a PE ratio of 35.00 and a beta of 1.08. Galiano Gold has a 52 week low of $0.52 and a 52 week high of $1.77.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $31.70 million for the quarter. As a group, research analysts anticipate that Galiano Gold will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Galiano Gold

A number of large investors have recently modified their holdings of the company. Equinox Partners Investment Management LLC increased its holdings in Galiano Gold by 1.9% during the 1st quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after purchasing an additional 662,500 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Galiano Gold by 39.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after buying an additional 4,817,585 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Galiano Gold in the 4th quarter valued at $1,500,000. Finally, Sapient Capital LLC bought a new position in Galiano Gold during the 1st quarter valued at $279,000. 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.