Galiano Gold (NYSEAMERICAN:GAU) Stock Rating Upgraded by Eight Capital

Galiano Gold (NYSEAMERICAN:GAU) was upgraded by stock analysts at Eight Capital to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, HC Wainwright lifted their target price on shares of Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Galiano Gold Trading Down 2.1 %

Shares of GAU stock opened at $1.39 on Tuesday. Galiano Gold has a twelve month low of $0.60 and a twelve month high of $2.00. The company has a market capitalization of $357.34 million, a price-to-earnings ratio of -69.50 and a beta of 1.10.

Hedge Funds Weigh In On Galiano Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sapient Capital LLC lifted its position in shares of Galiano Gold by 6.7% in the third quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock valued at $354,000 after acquiring an additional 15,450 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Galiano Gold in the 3rd quarter valued at about $33,000. HighTower Advisors LLC purchased a new position in Galiano Gold in the 3rd quarter valued at about $36,000. Cubist Systematic Strategies LLC boosted its stake in shares of Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after purchasing an additional 31,757 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Galiano Gold during the second quarter worth about $59,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

About Galiano Gold

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.