Galiano Gold Inc. (AMEX:GAU) does about 1.63M shares in volume on a normal day but saw 1440098 shares change hands in Friday trading. The company now has a market cap of 372.70M USD and an enterprise value of about $282.74M. Its current market price is $1.63, marking a decrease of -2.98% compared to the previous close of $1.68. The 52 week high reached by this stock is $2.12 whilst the lowest price level in 52 weeks is $0.56. The script in recent trading has seen the stock touch a high of $1.65 and a low of $1.59.
Galiano Gold Inc. (GAU) has a 20-day trading average at $1.7660 and the current price is -23.11% off the 52-week high compared with 191.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5403 and its 200-day simple moving average is $1.0968. If we look at the stock’s price movements over the week, volatility stands at 7.51%, which increases to 8.84% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.96 to suggest the stock is neutral.
5 analysts observing the Galiano Gold Inc. (GAU) stock have set the 12-month price targets for the company’s shares at between $1.70 and $2.55. The median price target is 17.26% away from the current levels at $1.97.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 2 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Overweight.
The current price level is -7.69%, 6.49%, and 49.13% away from its SMA20, SMA50, and SMA200 respectively, with the GAU price moving below the 50-day SMA on August 21. Galiano Gold Inc. (GAU) stock is down -1.81% over the week and 6.54% over the past month. Its price is 71.58% year-to-date and 85.75% over the past year.
Its 12-month price target is $1.97. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.70, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.55.
Outstanding shares total 222.61M with insiders holding 0.18% of the shares and institutional holders owning 49.10% of the company’s common stock. The company has a return on equity of -82.50%. The forward price to earnings ratio is 10.87. The beta has a value of 1.08. Price to book ratio is 2.06.
According to a U.S. Securities and Exchange Commission filing, LF Ruffer Investment Funds – Gold has added its position in Galiano Gold Inc. (GAU) to 27,014,416 shares, mirroring a recent increase by 0.83%. LF Ruffer Investment Funds – Gold added 0.22 million shares of Galiano Gold Inc. common stock bringing its total worth to about $50.79 million at the end of recent close, SEC documents show. LF Ruffer Investment Funds – Gold isn’t the only investment manager who changed stakes and is followed by Franklin Gold & Precious Metals F, which sold off -1.23 million shares to end up with 9,572,375 shares worth $18.0 million. FTIF SICAV – Gold & Precious Fund cut their holdings by -8.70% in the company over the course of the most recent quarter. It now holds a 1.40% position in Galiano Gold Inc. thanks to 3.11 million shares amounting to $5.84 million.