Invesco Ltd. reduced its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,636,900 shares of the company's stock after selling 315,400 shares during the period. Invesco Ltd. owned 4.14% of Galiano Gold worth $13,190,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Ruffer LLP increased its stake in shares of Galiano Gold by 2.7% during the first quarter. Ruffer LLP now owns 18,943,252 shares of the company's stock valued at $23,307,000 after purchasing an additional 504,990 shares in the last quarter. Aegis Financial Corp increased its stake in shares of Galiano Gold by 3.6% during the first quarter. Aegis Financial Corp now owns 2,478,831 shares of the company's stock valued at $3,049,000 after purchasing an additional 86,532 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Galiano Gold by 20.6% during the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company's stock valued at $2,233,000 after purchasing an additional 309,781 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Galiano Gold by 46.9% during the fourth quarter. Bank of America Corp DE now owns 860,516 shares of the company's stock valued at $1,058,000 after purchasing an additional 274,759 shares in the last quarter. Finally, Sapient Capital LLC increased its stake in shares of Galiano Gold by 16.0% during the first quarter. Sapient Capital LLC now owns 287,394 shares of the company's stock valued at $353,000 after purchasing an additional 39,700 shares in the last quarter. 66.82% of the stock is owned by institutional investors.
Galiano Gold Stock Performance
Shares of NYSEAMERICAN:GAU traded up $0.07 during trading on Friday, reaching $2.19. 1,140,643 shares of the stock traded hands, compared to its average volume of 1,240,769. The stock has a 50-day moving average of $1.55 and a two-hundred day moving average of $1.38. Galiano Gold Inc. has a 52-week low of $1.00 and a 52-week high of $2.19. The stock has a market cap of $564.78 million, a P/E ratio of -72.81 and a beta of 0.57.
Analyst Ratings Changes
Separately, HC Wainwright raised their target price on shares of Galiano Gold from $2.80 to $3.20 and gave the company a "buy" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $3.20.
View Our Latest Stock Report on GAU
About Galiano Gold
(
Free Report)
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.
Featured Articles
Before you consider Galiano Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Galiano Gold wasn't on the list.
While Galiano Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access