Galiano Gold’s (GAU) Buy Rating Reiterated at HC Wainwright

Posted by Donna Armstrong on Mar 22nd, 2025

HC Wainwright reaffirmed their buy rating on shares of Galiano Gold (NYSEAMERICAN:GAU – Free Report) in a research report released on Wednesday morning,Benzinga reports. HC Wainwright currently has a $2.80 target price on the stock. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.61 EPS.

A number of other analysts have also commented on the company. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets lowered Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th.

Check Out Our Latest Stock Report on GAU

Galiano Gold Stock Performance

GAU stock opened at $1.25 on Wednesday. The stock has a 50-day simple moving average of $1.23. Galiano Gold has a 1-year low of $1.07 and a 1-year high of $2.00. The company has a market cap of $321.45 million, a price-to-earnings ratio of -62.50 and a beta of 1.05.

Hedge Funds Weigh In On Galiano Gold

Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new position in Galiano Gold during the third quarter valued at $639,000. XTX Topco Ltd bought a new position in Galiano Gold during the third quarter valued at $64,000. JPMorgan Chase & Co. bought a new position in Galiano Gold during the third quarter valued at $147,000. HighTower Advisors LLC bought a new position in Galiano Gold during the third quarter valued at $36,000. Finally, Ruffer LLP grew its holdings in Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock valued at $22,960,000 after purchasing an additional 838,300 shares during the period. 66.82% of the stock is owned by institutional investors.

Galiano Gold Company Profile

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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.