Quadrature Capital Ltd Makes New Investment in Galiano Gold Inc. $GAU

Quadrature Capital Ltd purchased a new position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 446,500 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aegis Financial Corp increased its stake in Galiano Gold by 162.5% during the 2nd quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock worth $8,250,000 after purchasing an additional 4,027,090 shares in the last quarter. Pale Fire Capital SE bought a new position in Galiano Gold in the first quarter valued at approximately $4,459,000. Bank of Montreal Can lifted its stake in Galiano Gold by 543.0% in the second quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock valued at $1,378,000 after buying an additional 915,154 shares in the last quarter. Ruffer LLP boosted its holdings in shares of Galiano Gold by 2.7% in the first quarter. Ruffer LLP now owns 18,943,252 shares of the company’s stock valued at $23,307,000 after buying an additional 504,990 shares during the period. Finally, Donald Smith & CO. Inc. increased its position in shares of Galiano Gold by 1.5% during the first quarter. Donald Smith & CO. Inc. now owns 26,092,047 shares of the company’s stock worth $32,354,000 after acquiring an additional 383,640 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Galiano Gold Stock Down 0.4%

NYSEAMERICAN GAU opened at $2.42 on Tuesday. The firm’s 50 day moving average is $2.43 and its 200-day moving average is $1.94. The company has a market capitalization of $626.47 million, a PE ratio of -80.64 and a beta of 0.65. Galiano Gold Inc. has a 12-month low of $1.00 and a 12-month high of $3.12.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Scotiabank upgraded shares of Galiano Gold to a “hold” rating in a report on Friday. HC Wainwright increased their target price on Galiano Gold from $2.80 to $3.20 and gave the stock a “buy” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.20.

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.