Polunin Capital Partners Ltd Makes New $5.17 Million Investment in Galiano Gold Inc. $GAU

Key Points

• Polunin Capital Partners Ltd initiated a new position in Galiano Gold, purchasing 1,860,217 shares worth approximately $5.17 million, representing about 0.72% of Galiano and roughly 0.8% of Polunin’s portfolio (its 16th largest holding).
• Analyst sentiment is cautiously positive: HC Wainwright raised its target to $4.25 and issued a "buy" rating while Scotiabank kept a "sector perform," leaving a consensus "Moderate Buy" with an average price target of $4.25.
• Galiano is a Canada-based gold exploration company focused on the Oko West and Oko East projects in Guyana; the stock trades around $2.56 with a market cap near $668 million and a 52-week range of $1.00–$3.62.

Polunin Capital Partners Ltd purchased a new position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,860,217 shares of the company's stock, valued at approximately $5,171,000. Galiano Gold accounts for about 0.8% of Polunin Capital Partners Ltd's portfolio, making the stock its 16th largest position. Polunin Capital Partners Ltd owned approximately 0.72% of Galiano Gold as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Galiano Gold in the third quarter valued at $28,000. Allworth Financial LP acquired a new stake in Galiano Gold in the 3rd quarter valued at $51,000. American Century Companies Inc. grew its holdings in shares of Galiano Gold by 25.9% during the second quarter. American Century Companies Inc. now owns 46,431 shares of the company's stock valued at $59,000 after buying an additional 9,558 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in Galiano Gold during the 3rd quarter worth approximately $60,000. Finally, XTX Topco Ltd bought a new stake in Galiano Gold during the second quarter worth $74,000. Institutional investors and hedge funds own 66.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GAU shares. Scotiabank reaffirmed a "sector perform" rating on shares of Galiano Gold in a research report on Monday, January 26th. HC Wainwright lifted their target price 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $4.25.

Galiano Gold Price Performance

Shares of GAU stock opened at $2.56 on Friday. The stock has a fifty day moving average of $2.83 and a 200 day moving average of $2.62. The firm has a market capitalization of $667.88 million, a price-to-earnings ratio of -21.33 and a beta of 0.98. Galiano Gold Inc. has a 52 week low of $1.00 and a 52 week high of $3.62.

Galiano Gold Profile

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.

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