Hillsdale Investment Management Inc. Makes New Investment in Galiano Gold Inc. $GAU

Hillsdale Investment Management Inc. purchased a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,290,195 shares of the company’s stock, valued at approximately $11,515,000. Hillsdale Investment Management Inc. owned approximately 2.04% of Galiano Gold as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Aegis Financial Corp lifted its holdings in shares of Galiano Gold by 162.5% in the second quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock valued at $8,250,000 after buying an additional 4,027,090 shares during the period. Pale Fire Capital SE raised its position in Galiano Gold by 67.2% in the second quarter. Pale Fire Capital SE now owns 6,011,627 shares of the company’s stock worth $7,635,000 after acquiring an additional 2,415,530 shares in the last quarter. Bank of Montreal Can lifted its holdings in Galiano Gold by 543.0% in the 2nd quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock valued at $1,378,000 after acquiring an additional 915,154 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Galiano Gold during the 2nd quarter valued at about $568,000. Finally, Oxford Asset Management LLP bought a new position in shares of Galiano Gold during the 2nd quarter valued at about $199,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Galiano Gold Price Performance

GAU stock opened at $3.07 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Galiano Gold Inc. has a one year low of $1.00 and a one year high of $3.26. The firm has a market capitalization of $797.56 million, a PE ratio of -25.58 and a beta of 0.87. The firm has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.48.

Analyst Ratings Changes

Several analysts recently commented on the stock. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research note on Monday, January 26th. HC Wainwright upped their price target on Galiano Gold from $3.20 to $4.25 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

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.