Galiano Gold (NYSEAMERICAN:GAU) Upgraded to “Strong-Buy” at Eight Capital

Eight Capital upgraded shares of Galiano Gold (NYSEAMERICAN:GAU) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Separately, HC Wainwright increased their price objective on Galiano Gold from $4.20 to $4.60 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

Galiano Gold Price Performance

Shares of GAU stock opened at $1.39 on Tuesday. Galiano Gold has a 12-month low of $0.60 and a 12-month high of $2.00. The firm has a market capitalization of $357.34 million, a PE ratio of -69.50 and a beta of 1.10.

Hedge Funds Weigh In On Galiano Gold

A number of large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted 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 valued at $33,911,000 after purchasing an additional 5,961,685 shares during the period. Acadian Asset Management LLC increased its stake in Galiano Gold by 186.2% during the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock worth $1,613,000 after acquiring an additional 614,316 shares during the period. Marshall Wace LLP raised its holdings in Galiano Gold by 208.8% in the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after acquiring an additional 1,013,141 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock valued at $9,733,000 after acquiring an additional 2,070,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Galiano Gold during the 1st quarter worth $118,000. 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.