GalianoGoldInc . (NYSE:GAU) Trading Up 5.5%
GalianoGoldInc . (NYSE:GAU)’s share price traded up 5.5% during trading on Monday . The stock traded as high as $1.55 and last traded at $1.53. 1,281,089 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 990,811 shares. The stock had previously closed at $1.45.
A number of brokerages have recently commented on GAU. HC Wainwright reissued a “buy” rating and set a $3.40 price target on shares of GalianoGoldInc . in a research note on Tuesday, August 11th. Desjardins initiated coverage on shares of GalianoGoldInc . in a research report on Tuesday, September 8th. They set a “buy” rating and a $3.25 target price on the stock. Berenberg Bank restated a “buy” rating and issued a $2.60 price target on shares of GalianoGoldInc . in a research report on Tuesday, September 8th. Finally, Scotiabank lifted their price target on shares of GalianoGoldInc . from $1.50 to $2.25 and gave the stock a “sector perform” rating in a 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 stock has an average rating of “Buy” and an average target price of $2.55.
The company has a 50 day moving average of $1.65. The company has a market capitalization of $341.49 million, a P/E ratio of -2.68 and a beta of 0.96.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Donald Smith & CO. Inc. bought a new position in shares of GalianoGoldInc . in the 2nd quarter worth about $27,141,000. Essex Investment Management Co. LLC bought a new stake in GalianoGoldInc . in the second quarter worth approximately $27,000. Banque Cantonale Vaudoise acquired a new position in GalianoGoldInc . in the second quarter valued at approximately $82,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of GalianoGoldInc . during the 2nd quarter worth approximately $42,000. Finally, Virtu Financial LLC bought a new position in shares of GalianoGoldInc . during the 2nd quarter worth approximately $165,000. 34.18% of the stock is currently owned by institutional investors and hedge funds.
About GalianoGoldInc . (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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