Galiano Gold Inc. (NYSEAMERICAN:GAU) Holdings Lifted by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC increased its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,563,436 shares of the company's stock after purchasing an additional 13,402,496 shares during the period. Galiano Gold accounts for 23.6% of Equinox Partners Investment Management LLC's holdings, making the stock its 2nd biggest holding. Equinox Partners Investment Management LLC owned 15.81% of Galiano Gold worth $32,762,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in shares of Galiano Gold by 138.4% during the 3rd quarter. Jane Street Group LLC now owns 58,285 shares of the company's stock worth $28,000 after acquiring an additional 33,834 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Galiano Gold during the 4th quarter worth approximately $134,000. Russell Investments Group Ltd. purchased a new stake in shares of Galiano Gold during the 2nd quarter worth approximately $246,000. Millennium Management LLC raised its holdings in shares of Galiano Gold by 937.8% during the 4th quarter. Millennium Management LLC now owns 1,128,294 shares of the company's stock worth $587,000 after acquiring an additional 1,019,576 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Galiano Gold by 9.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,604,991 shares of the company's stock worth $1,355,000 after acquiring an additional 225,338 shares in the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. HC Wainwright reissued a "buy" rating and set a $2.20 target price on shares of Galiano Gold in a research report on Tuesday, February 20th. BMO Capital Markets boosted their target price on Galiano Gold from $1.50 to $2.25 and gave the company an "outperform" rating in a research report on Thursday, March 7th.

Galiano Gold Price Performance

Galiano Gold stock traded down $0.07 during midday trading on Monday, reaching $1.48. The company's stock had a trading volume of 1,680,066 shares, compared to its average volume of 613,723. The stock's 50-day simple moving average is $0.61. Galiano Gold Inc. has a 52-week low of $0.52 and a 52-week high of $1.59. The firm has a market capitalization of $375.39 million, a PE ratio of 13.46 and a beta of 1.12.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). Equities research analysts predict that Galiano Gold Inc. will post 0.27 earnings per share for the current year.

About Galiano Gold

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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