Galiano Gold (NYSEAMERICAN:GAU – Free Report) had its price objective trimmed by Freedom Broker from $3.60 to $3.45 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.
Several other research analysts have also weighed in on the company. Canaccord Genuity Group raised Galiano Gold to a “strong-buy” rating in a research report on Thursday, August 13th. Zacks Research upgraded Galiano Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $3.85.
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Galiano Gold Stock Performance
NYSEAMERICAN GAU opened at $2.00 on Thursday. Galiano Gold has a twelve month low of $1.66 and a twelve month high of $3.62. The stock has a market cap of $524.10 million, a price-to-earnings ratio of 7.69 and a beta of 0.87. The firm’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.16.
Galiano Gold (NYSEAMERICAN:GAU – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $183.75 million during the quarter, compared to analysts’ expectations of $151.85 million. Galiano Gold had a net margin of 12.19% and a return on equity of 35.34%. On average, research analysts forecast that Galiano Gold will post 0.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC boosted its stake in shares of Galiano Gold by 65.4% during the 2nd quarter. Two Sigma Securities LLC now owns 24,862 shares of the company’s stock valued at $46,000 after buying an additional 9,828 shares during the period. Venture Visionary Partners LLC acquired a new position in shares of Galiano Gold in the third quarter worth $46,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Galiano Gold in the fourth quarter worth $55,000. U S Global Investors Inc. acquired a new position in shares of Galiano Gold in the third quarter worth $136,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Galiano Gold during the first quarter worth $139,000. Institutional investors and hedge funds own 66.82% of the company’s stock.
About Galiano Gold
Galiano Gold Inc is a Canadian gold producer and exploration company focused on the acquisition, development and operation of gold assets in West Africa. The company’s primary asset is the Asanko Gold Mine in Ghana, which produces gold through open-pit mining and conventional processing operations.
Galiano Gold operates the Asanko Gold Mine through a partnership with the government of Ghana, which holds a minority interest. The mine is located in Ghana’s Ashanti Region, an established gold-producing area, and includes multiple open-pit deposits, processing facilities and additional exploration opportunities intended to support future mineral resource growth.
The company was formerly known as Asanko Gold Inc and adopted the Galiano Gold name in 2020.
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