Freedom Capital Upgrades Galiano Gold (NYSEAMERICAN:GAU) to Strong-Buy

Galiano Gold (NYSEAMERICAN:GAU) 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.

Several other research firms have also issued reports on GAU. HC Wainwright increased their price objective on shares of Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $4.25.

Galiano Gold Stock Up 0.9%

Galiano Gold stock opened at $2.27 on Tuesday. Galiano Gold has a 52-week low of $1.22 and a 52-week high of $3.62. The firm has a fifty day moving average of $2.49 and a 200-day moving average of $2.61. The firm has a market capitalization of $592.81 million, a P/E ratio of 22.70 and a beta of 0.80.

Institutional Investors Weigh In On Galiano Gold

Several large investors have recently made changes to their positions in GAU. Raymond James Financial Inc. acquired a new stake in Galiano Gold during the 3rd quarter valued at $28,000. Mariner LLC acquired a new stake in Galiano Gold during the 4th quarter valued at $38,000. Allworth Financial LP acquired a new stake in Galiano Gold during the 3rd quarter valued at $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in Galiano Gold during the 4th quarter valued at $55,000. Finally, Russell Investments Group Ltd. acquired a new stake in Galiano Gold during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.