Galiano Gold Inc. (NYSEAMERICAN:GAU) Shares Sold by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC cut its holdings in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 9.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,880,763 shares of the company's stock after selling 3,345,173 shares during the period. Galiano Gold comprises approximately 32.2% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its biggest holding. Equinox Partners Investment Management LLC owned approximately 12.80% of Galiano Gold worth $46,921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its stake in shares of Galiano Gold by 5.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company's stock worth $30,822,000 after purchasing an additional 947,328 shares during the period. Van ECK Associates Corp purchased a new position in Galiano Gold in the second quarter valued at $8,219,000. Marshall Wace LLP raised its position in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock worth $2,577,000 after acquiring an additional 1,013,141 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Galiano Gold by 186.2% during the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock worth $1,613,000 after acquiring an additional 614,316 shares in the last quarter. Finally, Sapient Capital LLC grew its position in shares of Galiano Gold by 6.7% during the 3rd quarter. Sapient Capital LLC now owns 247,694 shares of the company's stock valued at $354,000 after acquiring an additional 15,450 shares during the period. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Galiano Gold Trading Up 5.0 %

Shares of NYSEAMERICAN:GAU traded up $0.07 during midday trading on Friday, hitting $1.48. The company's stock had a trading volume of 2,349,618 shares, compared to its average volume of 990,774. The company has a market cap of $380.24 million, a P/E ratio of 50.00 and a beta of 1.13. Galiano Gold Inc. has a 12-month low of $0.52 and a 12-month high of $2.00.

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

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their target price on Galiano Gold from $4.40 to $4.20 and set a "buy" rating on the stock in a research report on Monday, August 12th.

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.