Galiano Gold (NYSEAMERICAN:GAU) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Galiano Gold (NYSEAMERICAN:GAU) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Separately, Freedom Capital upgraded shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Galiano Gold Price Performance

Galiano Gold stock opened at $1.75 on Tuesday. The stock’s 50 day moving average is $2.00 and its 200 day moving average is $2.47. The firm has a market cap of $457.31 million, a P/E ratio of 17.50 and a beta of 0.84. Galiano Gold has a one year low of $1.26 and a one year high of $3.62.

Institutional Trading of Galiano Gold

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Galiano Gold in the 3rd quarter valued at about $28,000. Mariner LLC bought a new stake in shares of Galiano Gold during the 4th quarter valued at about $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in Galiano Gold during the fourth quarter worth approximately $55,000. Russell Investments Group Ltd. acquired a new stake in Galiano Gold during the fourth quarter worth approximately $55,000. Finally, American Century Companies Inc. increased its holdings in Galiano Gold by 25.9% in the second quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after purchasing an additional 9,558 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

About Galiano Gold

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.