U S Global Investors Inc. acquired a new position in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,193,071 shares of the company's stock, valued at approximately $5,548,000. U S Global Investors Inc. owned about 0.84% of Galiano Gold as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of GAU. Raymond James Financial Inc. bought a new stake in shares of Galiano Gold in the third quarter worth $28,000. Allworth Financial LP bought a new stake in shares of Galiano Gold in the third quarter worth $51,000. American Century Companies Inc. grew 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 worth $59,000 after purchasing an additional 9,558 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Galiano Gold in the third quarter worth $60,000. Finally, XTX Topco Ltd bought a new stake in shares of Galiano Gold in the second quarter worth $74,000. Institutional investors own 66.82% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on GAU shares. HC Wainwright boosted 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. Scotiabank reaffirmed a "sector perform" rating on shares of Galiano Gold in a research report on Monday, January 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.25.
Read Our Latest Stock Report on Galiano Gold
Galiano Gold Trading Down 3.9%
Shares of GAU opened at $2.44 on Friday. The stock has a market capitalization of $637.21 million, a P/E ratio of -20.33 and a beta of 0.98. The firm's fifty day simple moving average is $2.75 and its two-hundred day simple moving average is $2.65. Galiano Gold Inc. has a 12 month low of $1.19 and a 12 month high of $3.62.
About Galiano Gold
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report).
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