Galiano Gold (NYSEAMERICAN:GAU) Upgraded to Strong-Buy at Eight Capital

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

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

Galiano Gold Trading Down 2.1 %

Shares of GAU opened at $1.39 on Tuesday. The company has a market cap of $357.34 million, a P/E ratio of -69.50 and a beta of 1.10. Galiano Gold has a fifty-two week low of $0.60 and a fifty-two week high of $2.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new position in shares of Galiano Gold in the 3rd quarter valued at $33,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold during the third quarter worth about $36,000. National Bank of Canada FI acquired a new stake in shares of Galiano Gold during the second quarter worth about $59,000. XTX Topco Ltd purchased a new stake in shares of Galiano Gold in the 3rd quarter valued at about $64,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Galiano Gold by 141.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after purchasing an additional 31,757 shares during the period. 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.