Galiano Gold (NYSEAMERICAN:GAU) Earns Buy Rating from HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Thursday,Benzinga reports. They currently have a $3.10 target price on the stock, down from their previous target price of $4.60. HC Wainwright’s target price indicates a potential upside of 184.40% from the stock’s previous close. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.38 EPS.

Separately, Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Trading Down 2.7 %

Shares of NYSEAMERICAN GAU opened at $1.09 on Thursday. The stock has a market cap of $280.22 million, a price-to-earnings ratio of -54.50 and a beta of 1.06. Galiano Gold has a 1-year low of $0.80 and a 1-year high of $2.00.

Institutional Trading of Galiano Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Galiano Gold in the third quarter valued at approximately $33,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold during the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new position in shares of Galiano Gold during the 3rd quarter worth $64,000. Cubist Systematic Strategies LLC increased its holdings in shares of Galiano Gold by 141.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after purchasing an additional 31,757 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Galiano Gold in the third quarter valued at about $147,000. Hedge funds and other 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.