Galiano Gold (NYSEAMERICAN:GAU) Upgraded by Freedom Capital to Strong-Buy Rating

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

GAU has been the subject of a number of other research reports. HC Wainwright raised their price objective on Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $4.25.

Galiano Gold Trading Up 0.9%

Shares of NYSEAMERICAN GAU opened at $2.27 on Tuesday. Galiano Gold has a 12-month low of $1.22 and a 12-month high of $3.62. The stock’s fifty day simple moving average is $2.49 and its two-hundred day simple moving average is $2.61. The stock has a market capitalization of $592.81 million, a PE ratio of 22.70 and a beta of 0.80.

Institutional Trading of Galiano Gold

A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Galiano Gold by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 882,962 shares of the company’s stock worth $1,095,000 after acquiring an additional 106,685 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Galiano Gold in the 2nd quarter worth $196,000. American Century Companies Inc. raised its stake in Galiano Gold by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after acquiring an additional 9,558 shares during the last quarter. XTX Topco Ltd purchased a new position in Galiano Gold in the 2nd quarter worth $74,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Galiano Gold in the 2nd quarter worth $185,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.