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

Galiano Gold (NYSEAMERICAN:GAU) was upgraded by equities researchers 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 lifted their price objective on 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 Stock Down 2.1 %

NYSEAMERICAN GAU opened at $1.39 on Tuesday. The firm has a market capitalization of $357.34 million, a PE ratio of -69.50 and a beta of 1.10. Galiano Gold has a 52 week low of $0.60 and a 52 week high of $2.00.

Institutional Trading of Galiano Gold

A number of institutional investors have recently modified their holdings of GAU. XTX Topco Ltd bought a new stake in Galiano Gold during the third quarter worth about $64,000. HighTower Advisors LLC bought a new stake in Galiano Gold during the third quarter worth about $36,000. De Lisle Partners LLP raised its holdings in Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock worth $1,154,000 after acquiring an additional 100,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Galiano Gold during the third quarter worth about $639,000. Finally, Banque Cantonale Vaudoise bought a new stake in Galiano Gold during the third quarter worth about $33,000. 66.82% of the stock is currently owned by institutional investors.

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.