Marshall Wace LLP Increases Stock Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Marshall Wace LLP lifted its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 208.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498,359 shares of the company's stock after buying an additional 1,013,141 shares during the period. Marshall Wace LLP owned approximately 0.59% of Galiano Gold worth $2,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GAU. National Bank of Canada FI acquired a new stake in shares of Galiano Gold during the second quarter valued at about $59,000. Virtu Financial LLC acquired a new stake in shares of Galiano Gold in the first quarter valued at $118,000. Sapient Capital LLC grew its position in Galiano Gold by 15.8% in the 2nd quarter. Sapient Capital LLC now owns 232,244 shares of the company's stock valued at $399,000 after acquiring an additional 31,744 shares in the last quarter. Acadian Asset Management LLC increased its stake in Galiano Gold by 172.5% during the first quarter. Acadian Asset Management LLC now owns 329,874 shares of the company's stock worth $453,000 after purchasing an additional 208,800 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Galiano Gold during the second quarter worth about $8,219,000. Hedge funds and other institutional investors own 66.82% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price objective on shares of Galiano Gold from $4.40 to $4.20 and set a "buy" rating for the company in a report on Monday, August 12th.

Galiano Gold Trading Down 0.4 %

Shares of NYSEAMERICAN GAU traded down $0.01 during mid-day trading on Friday, hitting $1.40. The company had a trading volume of 529,790 shares, compared to its average volume of 1,006,438. The stock has a market cap of $358.40 million, a P/E ratio of 27.90 and a beta of 1.13. Galiano Gold Inc. has a 1-year low of $0.52 and a 1-year high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million during the quarter. On average, equities analysts forecast that Galiano Gold Inc. will post 0.13 EPS for the current fiscal year.

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.