GalianoGoldInc . (NYSE:GAU)’s share price was up 5.5% on Monday . The company traded as high as $1.55 and last traded at $1.53. Approximately 1,281,089 shares changed hands during trading, an increase of 29% from the average daily volume of 990,811 shares. The stock had previously closed at $1.45.
Several research analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and issued a $2.60 price target on shares of GalianoGoldInc . in a report on Tuesday, September 8th. Desjardins started coverage on GalianoGoldInc . in a research report on Tuesday, September 8th. They set a “buy” rating and a $3.25 target price for the company. HC Wainwright reaffirmed a “buy” rating and issued a $3.40 price target on shares of GalianoGoldInc . in a report on Tuesday, August 11th. Finally, Scotiabank lifted their price target on GalianoGoldInc . from $1.50 to $2.25 and gave the company a “sector perform” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2.55.
The business has a 50 day moving average price of $1.65. The stock has a market capitalization of $341.49 million, a PE ratio of -2.68 and a beta of 0.96.
GalianoGoldInc . (NYSE:GAU) last released its earnings results on Thursday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. On average, sell-side analysts forecast that GalianoGoldInc . will post 0.17 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in GalianoGoldInc . in the 2nd quarter worth approximately $42,000. Banque Cantonale Vaudoise purchased a new position in shares of GalianoGoldInc . during the second quarter valued at approximately $82,000. Ruffer LLP bought a new position in shares of GalianoGoldInc . during the second quarter valued at approximately $37,512,000. Essex Investment Management Co. LLC purchased a new stake in GalianoGoldInc . in the second quarter worth $27,000. Finally, Virtu Financial LLC purchased a new stake in GalianoGoldInc . in the second quarter worth $165,000. Hedge funds and other institutional investors own 34.18% of the company’s stock.
GalianoGoldInc . Company Profile (NYSE:GAU)
Asanko Gold, Inc is an exploration company. It engages in the acquisition and exploration of mineral resources in West Ghana. The company was founded by Ivan James Bebek and Shawn Kristen Wallace on September 23, 1999 and is headquartered in Vancouver, Canada.
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