Bank of America Corp DE Increases Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Bank of America Corp DE raised its position in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 46.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 860,516 shares of the company's stock after purchasing an additional 274,759 shares during the period. Bank of America Corp DE owned 0.33% of Galiano Gold worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GAU. Sprott Inc. purchased a new position in shares of Galiano Gold in the 4th quarter valued at $39,000. Ruffer LLP grew its position in shares of Galiano Gold by 4.8% in the 4th quarter. Ruffer LLP now owns 18,438,262 shares of the company's stock valued at $22,960,000 after buying an additional 838,300 shares during the last quarter. Aegis Financial Corp grew its position in shares of Galiano Gold by 2,154.8% in the 4th quarter. Aegis Financial Corp now owns 2,392,299 shares of the company's stock valued at $2,978,000 after buying an additional 2,286,199 shares during the last quarter. Donald Smith & CO. Inc. grew its position in shares of Galiano Gold by 7.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company's stock valued at $31,621,000 after buying an additional 1,827,084 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Galiano Gold in the 4th quarter valued at $54,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $2.80 target price on shares of Galiano Gold in a research report on Wednesday, March 19th.

Galiano Gold Price Performance

NYSEAMERICAN GAU opened at $1.45 on Friday. The company has a market capitalization of $372.88 million, a price-to-earnings ratio of -72.50 and a beta of 1.05. The firm's fifty day moving average price is $1.35 and its 200 day moving average price is $1.35. Galiano Gold Inc. has a 12 month low of $1.00 and a 12 month high of $2.00.

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.

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