Galiano Gold (NYSEAMERICAN:GAU) PT Raised to $4.30

Galiano Gold (NYSEAMERICAN:GAU) had its price target hoisted by HC Wainwright from $2.20 to $4.30 in a report released on Monday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Galiano Gold’s FY2024 earnings at $0.25 EPS and FY2025 earnings at $0.51 EPS.

Separately, BMO Capital Markets raised their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the company an outperform rating in a research note on Thursday, March 7th.

Galiano Gold Price Performance

Shares of NYSEAMERICAN GAU opened at $1.68 on Monday. Galiano Gold has a 1-year low of $0.52 and a 1-year high of $1.73. The stock has a 50-day moving average of $0.61. The stock has a market capitalization of $424.85 million, a P/E ratio of 15.23 and a beta of 1.12.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Sell-side analysts expect that Galiano Gold will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sapient Capital LLC bought a new position in shares of Galiano Gold in the first quarter valued at approximately $279,000. Equinox Partners Investment Management LLC raised its position in shares of Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock valued at $50,300,000 after buying an additional 662,500 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after acquiring an additional 4,817,585 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Galiano Gold in the fourth quarter worth $1,500,000. 66.82% of the stock is owned by institutional investors and hedge funds.

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.