HC Wainwright Increases GalianoGoldInc . (NYSE:GAU) Price Target to $2.90

GalianoGoldInc . (NYSE:GAU) had its price objective boosted by equities researchers at HC Wainwright from $2.80 to $2.90 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 54.26% from the stock’s current price.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded GalianoGoldInc . from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Friday, May 8th. Berenberg Bank restated a “buy” rating and set a $1.90 price objective on shares of GalianoGoldInc . in a research note on Thursday, July 9th. Finally, Scotiabank upped their target price on GalianoGoldInc . from $1.50 to $2.25 and gave the company a “sector perform” rating in a research report on Monday, July 20th.

Shares of NYSE:GAU opened at $1.88 on Friday. The company’s 50-day moving average is $1.42. The stock has a market cap of $418.91 million, a P/E ratio of 11.06 and a beta of 0.85. GalianoGoldInc . has a one year low of $0.56 and a one year high of $1.94.

GalianoGoldInc . (NYSE:GAU) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Research analysts forecast that GalianoGoldInc . will post 0.13 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in GalianoGoldInc . stock. Raymond James Financial Services Advisors Inc. purchased a new position in GalianoGoldInc . (NYSE:GAU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,599 shares of the company’s stock, valued at approximately $42,000. Hedge funds and other institutional investors own 44.94% of the company’s stock.

GalianoGoldInc . Company Profile

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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