Connor Clark & Lunn Investment Management Ltd. reduced its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,037,824 shares of the company's stock after selling 247,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.40% of Galiano Gold worth $1,291,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new position in Galiano Gold during the third quarter worth about $33,000. HighTower Advisors LLC acquired a new stake in shares of Galiano Gold in the 3rd quarter valued at about $36,000. Sprott Inc. acquired a new stake in shares of Galiano Gold in the 4th quarter valued at about $39,000. XTX Topco Ltd acquired a new stake in shares of Galiano Gold in the 3rd quarter valued at about $64,000. Finally, De Lisle Partners LLP raised its stake in shares of Galiano Gold by 14.0% in the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company's stock valued at $1,154,000 after purchasing an additional 100,000 shares during the period. 66.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
GAU has been the topic of several recent research reports. HC Wainwright reissued a "buy" rating and issued a $2.80 price target on shares of Galiano Gold in a research note on Wednesday. BMO Capital Markets downgraded Galiano Gold from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th.
Check Out Our Latest Stock Report on Galiano Gold
Galiano Gold Stock Down 4.6 %
NYSEAMERICAN GAU traded down $0.06 during trading on Friday, reaching $1.25. 689,958 shares of the company's stock were exchanged, compared to its average volume of 1,020,192. The firm's 50 day simple moving average is $1.23. The firm has a market capitalization of $321.45 million, a PE ratio of -62.50 and a beta of 1.05. Galiano Gold Inc. has a fifty-two week low of $1.07 and a fifty-two week high of $2.00.
Galiano Gold Profile
(
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 Stories
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
