Galiano Gold (NYSEAMERICAN:GAU) Stock Rating Upgraded by 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 lifted their price objective on Galiano Gold from $4.20 to $4.60 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Galiano Gold Price Performance

Shares of NYSEAMERICAN:GAU opened at $1.49 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 cap of $383.05 million, a P/E ratio of -69.50 and a beta of 1.10.

Institutional Investors Weigh In On Galiano Gold

Several institutional investors and hedge funds have recently made changes to their positions in GAU. XTX Topco Ltd bought a new stake in Galiano Gold in the third quarter worth approximately $64,000. HighTower Advisors LLC bought a new stake in shares of Galiano Gold in the 3rd quarter valued at $36,000. De Lisle Partners LLP lifted its position in shares of Galiano Gold by 14.0% during the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after acquiring an additional 100,000 shares during the period. The Manufacturers Life Insurance Company bought a new position in Galiano Gold during the third quarter worth $639,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Galiano Gold in the third quarter worth $33,000. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

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.