De Lisle Partners LLP Increases Stock Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

De Lisle Partners LLP increased its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 14.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 815,416 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. De Lisle Partners LLP’s holdings in Galiano Gold were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Donald Smith & CO. Inc. grew its position in Galiano Gold by 33.3% in the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after acquiring an additional 5,961,685 shares in the last quarter. Van ECK Associates Corp increased its holdings in Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after purchasing an additional 2,070,000 shares during the period. Marshall Wace LLP lifted its position in shares of Galiano Gold by 208.8% in the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after purchasing an additional 1,013,141 shares during the period. Acadian Asset Management LLC grew its stake in Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock valued at $1,613,000 after purchasing an additional 614,316 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Galiano Gold in the third quarter worth $639,000. 66.82% of the stock is owned by institutional investors.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN:GAU opened at $1.44 on Thursday. Galiano Gold Inc. has a 1 year low of $0.60 and a 1 year high of $2.00. The stock has a market cap of $368.91 million, a price-to-earnings ratio of -71.75 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GAU shares. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. HC Wainwright lifted their target price on shares of Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

About Galiano Gold

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.