Galiano Gold Inc. $GAU Shares Acquired by Sprott Inc.

Sprott Inc. grew its holdings in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 55.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,362 shares of the company’s stock after acquiring an additional 17,700 shares during the period. Sprott Inc.’s holdings in Galiano Gold were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its position in shares of Galiano Gold by 11.4% in the 4th quarter. Two Sigma Advisers LP now owns 155,800 shares of the company’s stock worth $192,000 after acquiring an additional 16,000 shares in the last quarter. Sapient Capital LLC grew its position in Galiano Gold by 16.0% in the 1st quarter. Sapient Capital LLC now owns 287,394 shares of the company’s stock worth $353,000 after purchasing an additional 39,700 shares during the last quarter. Bank of America Corp DE increased its position in Galiano Gold by 46.9% in the 4th quarter. Bank of America Corp DE now owns 860,516 shares of the company’s stock valued at $1,058,000 after acquiring an additional 274,759 shares during the period. Marshall Wace LLP raised its stake in shares of Galiano Gold by 20.6% during the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company’s stock valued at $2,233,000 after purchasing an additional 309,781 shares in the last quarter. Finally, Aegis Financial Corp lifted its stake in shares of Galiano Gold by 3.6% in the 1st quarter. Aegis Financial Corp now owns 2,478,831 shares of the company’s stock worth $3,049,000 after acquiring an additional 86,532 shares during the period. 66.82% of the stock is owned by institutional investors and hedge funds.

Galiano Gold Trading Up 0.5%

GAU stock opened at $2.11 on Friday. Galiano Gold Inc. has a one year low of $1.00 and a one year high of $2.1650. The firm has a market capitalization of $545.39 million, a PE ratio of -70.31 and a beta of 0.57. The firm has a 50-day moving average of $1.49 and a two-hundred day moving average of $1.36.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price target on Galiano Gold from $2.80 to $3.20 and gave the company a “buy” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Galiano Gold currently has a consensus rating of “Buy” and a consensus price target of $3.20.

Galiano Gold Company Profile

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.