Galiano Gold (NYSEAMERICAN:GAU) Stock Rating Lowered by BMO Capital Markets

Galiano Gold (NYSEAMERICAN:GAU) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, MarketBeat reports.

Several other research firms have also commented on GAU. Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. HC Wainwright reaffirmed a “buy” rating and issued a $3.10 price target (down previously from $4.60) on shares of Galiano Gold in a report on Thursday, January 16th.

Galiano Gold Price Performance

Shares of Galiano Gold stock opened at $1.14 on Wednesday. The company has a market cap of $293.07 million, a P/E ratio of -57.00 and a beta of 1.06. Galiano Gold has a 12 month low of $0.80 and a 12 month high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $71.13 million for the quarter. Research analysts predict that Galiano Gold will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Galiano Gold

A number of large investors have recently made changes to their positions in GAU. Sapient Capital LLC grew its position in Galiano Gold by 6.7% in the 3rd quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock valued at $354,000 after acquiring an additional 15,450 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Galiano Gold in the third quarter worth about $33,000. HighTower Advisors LLC purchased a new position in Galiano Gold in the 3rd quarter worth about $36,000. Cubist Systematic Strategies LLC lifted its holdings in Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after buying an additional 31,757 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Galiano Gold during the 3rd quarter valued at about $64,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.