Walleye Capital LLC Boosts Stock Holdings in Galiano Gold Inc. $GAU

Walleye Capital LLC lifted its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 5,413.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,477,180 shares of the company’s stock after buying an additional 1,450,389 shares during the quarter. Walleye Capital LLC’s holdings in Galiano Gold were worth $3,708,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in Galiano Gold by 109.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 191,664 shares of the company’s stock valued at $481,000 after acquiring an additional 100,202 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Galiano Gold in the 4th quarter worth $55,000. Mackenzie Financial Corp bought a new stake in shares of Galiano Gold in the 4th quarter worth $643,000. XTX Topco Ltd raised its stake in shares of Galiano Gold by 23.9% in the fourth quarter. XTX Topco Ltd now owns 623,919 shares of the company’s stock worth $1,579,000 after purchasing an additional 120,388 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of Galiano Gold in the fourth quarter worth $117,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $4.25.

Galiano Gold Price Performance

GAU stock opened at $1.84 on Friday. Galiano Gold Inc. has a 1 year low of $1.26 and a 1 year high of $3.62. The company has a market cap of $480.83 million, a P/E ratio of 18.40 and a beta of 0.84. The stock’s fifty day moving average price is $2.04 and its 200-day moving average price is $2.49.

About Galiano Gold

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.