Galiano Gold (NYSEAMERICAN:GAU) Upgraded at Scotiabank

Scotiabank upgraded shares of Galiano Gold (NYSEAMERICAN:GAU) to a hold rating in a report issued on Friday,Zacks.com reports.

Separately, HC Wainwright lifted their price objective on Galiano Gold from $2.80 to $3.20 and gave the company a “buy” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.20.

Galiano Gold Trading Up 3.0%

GAU stock opened at $2.43 on Friday. The business’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $1.93. The firm has a market cap of $629.05 million, a PE ratio of -80.97 and a beta of 0.65. Galiano Gold has a 1-year low of $1.00 and a 1-year high of $3.12.

Institutional Trading of Galiano Gold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Galiano Gold during the 3rd quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its holdings in Galiano Gold by 939.4% during the second quarter. SBI Securities Co. Ltd. now owns 25,009 shares of the company’s stock worth $32,000 after buying an additional 22,603 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Galiano Gold during the third quarter worth $96,000. American Century Companies Inc. raised its position in Galiano Gold by 25.9% during the second quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after acquiring an additional 9,558 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Galiano Gold by 177.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock valued at $59,000 after acquiring an additional 29,690 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

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.