Galiano Gold (NYSEAMERICAN:GAU) Price Target Raised to $4.60 at HC Wainwright

Galiano Gold (NYSEAMERICAN:GAU) had its price objective boosted by analysts at HC Wainwright from $4.20 to $4.60 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 219.44% from the company’s previous close.

Galiano Gold Trading Up 0.7 %

Shares of GAU opened at $1.44 on Tuesday. The firm has a market cap of $369.99 million, a P/E ratio of -72.25 and a beta of 1.10. Galiano Gold has a 12-month low of $0.52 and a 12-month high of $2.00.

Institutional Investors Weigh In On Galiano Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its stake in shares of Galiano Gold by 33.3% during the third 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 in the last quarter. Acadian Asset Management LLC grew its holdings in Galiano Gold by 186.2% during the second 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 grew its holdings in Galiano Gold by 208.8% during the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after acquiring an additional 1,013,141 shares during the period. Virtu Financial LLC acquired a new position in Galiano Gold during the first quarter worth about $118,000. Finally, Van ECK Associates Corp grew its holdings in Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after acquiring an additional 2,070,000 shares during the period. 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.