Galiano Gold Inc. (NYSEAMERICAN:GAU) Stock Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,815,814 shares of the company’s stock after acquiring an additional 309,781 shares during the quarter. Marshall Wace LLP’s holdings in Galiano Gold were worth $2,233,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Aegis Financial Corp boosted its stake in Galiano Gold by 2,154.8% during the 4th quarter. Aegis Financial Corp now owns 2,392,299 shares of the company’s stock valued at $2,978,000 after purchasing an additional 2,286,199 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Galiano Gold by 7.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock worth $31,621,000 after buying an additional 1,827,084 shares during the period. Ruffer LLP grew its holdings in Galiano Gold by 4.8% in the 4th quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after buying an additional 838,300 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Galiano Gold in the 3rd quarter valued at approximately $147,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Galiano Gold during the 4th quarter valued at $54,000. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Price Performance

GAU opened at $1.33 on Monday. The business has a 50 day moving average price of $1.25 and a two-hundred day moving average price of $1.35. The company has a market capitalization of $342.02 million, a price-to-earnings ratio of -66.50 and a beta of 1.05. Galiano Gold Inc. has a 1-year low of $1.00 and a 1-year high of $2.00.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets cut Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. HC Wainwright reissued a “buy” rating and set a $2.80 target price on shares of Galiano Gold in a research note on Wednesday, March 19th.

Galiano Gold 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.