Galiano Gold (NYSEAMERICAN:GAU) Rating Lowered to Strong Sell at Zacks Research

Galiano Gold (NYSEAMERICAN:GAU) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Freedom Capital raised shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Galiano Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.75 on Tuesday. Galiano Gold has a 52 week low of $1.26 and a 52 week high of $3.62. The stock has a market capitalization of $457.31 million, a P/E ratio of 17.50 and a beta of 0.84. The stock’s fifty day moving average is $2.00 and its 200 day moving average is $2.47.

Institutional Trading of Galiano Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Galiano Gold in the third quarter valued at about $28,000. Mariner LLC bought a new position in shares of Galiano Gold in the fourth quarter worth about $38,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Galiano Gold in the fourth quarter worth about $55,000. Russell Investments Group Ltd. acquired a new stake in shares of Galiano Gold in the 4th quarter valued at approximately $55,000. Finally, American Century Companies Inc. boosted its stake in shares of Galiano Gold by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock valued at $59,000 after purchasing an additional 9,558 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.

Galiano Gold Company Profile

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.