Galiano Gold (NYSEAMERICAN:GAU) Upgraded by Freedom Capital to Strong-Buy Rating

Galiano Gold (NYSEAMERICAN:GAUGet Free Report) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on GAU. Scotiabank restated a “sector perform” rating on shares of Galiano Gold in a research note on Monday, January 26th. HC Wainwright raised their target price on Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Galiano Gold presently has a consensus rating of “Buy” and an average price target of $4.25.

Check Out Our Latest Stock Report on GAU

Galiano Gold Price Performance

Shares of GAU stock opened at $2.27 on Tuesday. The firm has a market capitalization of $592.81 million, a price-to-earnings ratio of 22.70 and a beta of 0.80. The business has a fifty day moving average of $2.49 and a 200 day moving average of $2.61. Galiano Gold has a 1 year low of $1.22 and a 1 year high of $3.62.

Hedge Funds Weigh In On Galiano Gold

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Galiano Gold during the 3rd quarter valued at about $28,000. Mariner LLC purchased a new position in shares of Galiano Gold during the 4th quarter valued at about $38,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Galiano Gold during the 4th quarter valued at about $55,000. Russell Investments Group Ltd. purchased a new position in shares of Galiano Gold during the 4th quarter valued at about $55,000. Finally, Allworth Financial LP purchased a new position in shares of Galiano Gold during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

(Get Free Report)

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.

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