HC Wainwright Reaffirms Buy Rating for GalianoGoldInc . (NYSE:GAU)

HC Wainwright restated their buy rating on shares of GalianoGoldInc . (NYSE:GAU) in a research note released on Tuesday morning, AnalystRatings.com reports. The brokerage currently has a $3.40 target price on the stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of GalianoGoldInc . from a hold rating to a buy rating and set a $1.25 price objective for the company in a report on Friday, May 8th. Berenberg Bank reaffirmed a buy rating and set a $1.90 price objective on shares of GalianoGoldInc . in a report on Thursday, July 9th. Finally, Scotiabank raised their price objective 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.

NYSE:GAU traded down $0.11 during mid-day trading on Tuesday, hitting $1.62. The company’s stock had a trading volume of 90,058 shares, compared to its average volume of 910,011. GalianoGoldInc . has a fifty-two week low of $0.56 and a fifty-two week high of $2.12. The firm has a market cap of $365.43 million, a P/E ratio of -2.88 and a beta of 1.02. The company has a fifty day simple moving average of $1.59.

GalianoGoldInc . (NYSE:GAU) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. As a group, sell-side analysts anticipate that GalianoGoldInc . will post 0.17 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ruffer LLP bought a new stake in shares of GalianoGoldInc . during the second quarter valued at approximately $37,512,000. Donald Smith & CO. Inc. bought a new stake in shares of GalianoGoldInc . during the second quarter valued at approximately $27,141,000. Bank of Montreal Can bought a new stake in shares of GalianoGoldInc . during the second quarter valued at approximately $206,000. Virtu Financial LLC bought a new stake in shares of GalianoGoldInc . during the second quarter valued at approximately $165,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of GalianoGoldInc . during the second quarter valued at approximately $82,000. 44.94% of the stock is currently owned by institutional investors and hedge funds.

About GalianoGoldInc .

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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