Marshall Wace LLP Buys 309,781 Shares of Galiano Gold Inc. (NYSEAMERICAN:GAU)

Marshall Wace LLP grew its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,815,814 shares of the company's stock after purchasing an additional 309,781 shares during the quarter. Marshall Wace LLP owned approximately 0.71% of Galiano Gold worth $2,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Aegis Financial Corp raised its holdings in Galiano Gold by 2,154.8% during 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 stake in shares of Galiano Gold by 7.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company's stock worth $31,621,000 after purchasing an additional 1,827,084 shares during the last quarter. Ruffer LLP increased its holdings in Galiano Gold by 4.8% during the 4th quarter. Ruffer LLP now owns 18,438,262 shares of the company's stock valued at $22,960,000 after purchasing an additional 838,300 shares during the period. JPMorgan Chase & Co. bought a new position in Galiano Gold during the 3rd quarter valued at approximately $147,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Galiano Gold in the 4th quarter worth approximately $54,000. 66.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GAU has been the topic of a number of research analyst reports. BMO Capital Markets downgraded Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. HC Wainwright reissued a "buy" rating and set a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday, March 19th.

Galiano Gold Stock Up 0.4 %

GAU traded up $0.01 during midday trading on Friday, reaching $1.33. The company had a trading volume of 138,551 shares, compared to its average volume of 879,978. The business has a 50-day moving average of $1.26 and a two-hundred day moving average of $1.34. Galiano Gold Inc. has a 1 year low of $1.00 and a 1 year high of $2.00. The company has a market cap of $340.74 million, a P/E ratio of -66.25 and a beta of 1.05.

Galiano Gold Company 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.