Galiano Gold Inc. (NYSEAMERICAN:GAU - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,460,000 shares, a growth of 16.8% from the January 15th total of 1,250,000 shares. Approximately 0.8% of the company's shares are short sold. Based on an average daily volume of 698,800 shares, the days-to-cover ratio is currently 2.1 days.
Galiano Gold Trading Up 1.2 %
Shares of Galiano Gold stock traded up $0.02 during trading hours on Wednesday, reaching $1.29. 131,267 shares of the company were exchanged, compared to its average volume of 809,962. The firm has a market capitalization of $330.45 million, a P/E ratio of -64.25 and a beta of 1.05. Galiano Gold has a 1 year low of $0.89 and a 1 year high of $2.00.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on GAU shares. BMO Capital Markets cut shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. HC Wainwright decreased their price objective on shares of Galiano Gold from $3.10 to $2.80 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Eight Capital upgraded shares of Galiano Gold to a "strong-buy" rating in a report on Tuesday, November 19th.
Read Our Latest Analysis on GAU
Institutional Trading of Galiano Gold
A number of large investors have recently made changes to their positions in GAU. Donald Smith & CO. Inc. raised its stake in Galiano Gold by 33.3% in the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company's stock valued at $33,911,000 after buying an additional 5,961,685 shares in the last quarter. Aegis Financial Corp increased its holdings 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 acquiring an additional 2,286,199 shares during the last quarter. Van ECK Associates Corp lifted its stake in Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company's stock worth $9,733,000 after purchasing an additional 2,070,000 shares during the last quarter. Ruffer LLP boosted its holdings in Galiano Gold by 4.8% in the fourth 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 in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Galiano Gold in the third quarter valued at approximately $639,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.
About Galiano Gold
(
Get 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.
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