Polunin Capital Partners Ltd Takes $5.17 Million Position in Galiano Gold Inc. $GAU

Polunin Capital Partners Ltd acquired a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,860,217 shares of the company’s stock, valued at approximately $5,171,000. Galiano Gold comprises about 0.8% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors have also modified their holdings of GAU. Raymond James Financial Inc. purchased a new position in Galiano Gold during the third quarter worth $28,000. Allworth Financial LP purchased a new stake in shares of Galiano Gold in the third quarter valued at $51,000. American Century Companies Inc. raised its stake in shares of Galiano Gold by 25.9% in the second quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock valued at $59,000 after acquiring an additional 9,558 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Galiano Gold in the 3rd quarter worth about $60,000. Finally, XTX Topco Ltd purchased a new position in shares of Galiano Gold during the 2nd quarter worth about $74,000. 66.82% of the stock is owned by institutional investors.

Galiano Gold Price Performance

GAU stock opened at $2.56 on Friday. Galiano Gold Inc. has a 12 month low of $1.00 and a 12 month high of $3.62. The firm’s 50-day moving average is $2.83 and its 200 day moving average is $2.62. The company has a market capitalization of $667.88 million, a PE ratio of -21.33 and a beta of 0.98.

Analysts Set New Price Targets

Several equities analysts recently commented on GAU shares. Scotiabank reiterated a “sector perform” rating on shares of Galiano Gold in a report on Monday, January 26th. HC Wainwright raised their price objective on shares of Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.