In yesterday’s Wall Street session, Galiano Gold Inc. (AMEX:GAU) shares traded at $0.50, down -3.65% from the previous session.
As of this writing, 4 analysts cover Galiano Gold Inc. (AMEX:GAU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $1.90 and a low of $0.65, we find $0.77. Given the previous closing price of $0.52, this indicates a potential upside of 48.08 percent. GAU stock price is now -9.60% away from the 50-day moving average and 1.18% away from the 200-day moving average. The market capitalization of the company currently stands at $116.19M.
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There are 2 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.02 as their price target over the next twelve months.
, while ‘BMO Capital Markets’ rates the stock as ‘Underperform’.
A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GAU stock. A new stake in Galiano Gold Inc. shares was purchased by ERGOTELES LLC during the first quarter worth $429,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $130,000 in shares of GAU during the first quarter. In the first quarter, GOLDMAN SACHS GROUP INC acquired a new stake in Galiano Gold Inc. valued at approximately $96,000. CITADEL ADVISORS LLC acquired a new stake in GAU for approximately $39,000. VIRTU FINANCIAL LLC purchased a new stake in GAU valued at around $21,000 in the second quarter. In total, there are 35 active investors with 63.00% ownership of the company’s stock.
Wednesday morning saw Galiano Gold Inc. (AMEX: GAU) opened at $0.5500. During the past 12 months, Galiano Gold Inc. has had a low of $0.36 and a high of $0.65. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 16.00, and a quick ratio of 16.00. The fifty day moving average price for GAU is $0.5536 and a two-hundred day moving average price translates $0.4958 for the stock.
The latest earnings results from Galiano Gold Inc. (AMEX: GAU) was released for Sep, 2022. According to the Gold Company, earnings per share came in at $0.01, beating analysts’ expectations of $0 by 0.01. This compares to $0.02 EPS in the same period last year. The company reported revenue of $2.39 million for the quarter, compared to $-1.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -224.54 percent.
Galiano Gold Inc.(GAU) Company Profile
Galiano Gold Inc. engages in the exploration, development, and production of gold properties. The company’s primary asset is the Asanko Gold Mine 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. Galiano Gold Inc. was incorporated in 1999 and is headquartered in Vancouver, Canada.
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