Ruffer LLP raised its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,438,262 shares of the company's stock after acquiring an additional 838,300 shares during the period. Galiano Gold makes up 0.8% of Ruffer LLP's portfolio, making the stock its 26th biggest position. Ruffer LLP owned about 7.17% of Galiano Gold worth $22,960,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Galiano Gold in the 3rd quarter valued at $33,000. HighTower Advisors LLC purchased a new position in Galiano Gold in the third quarter valued at about $36,000. Sprott Inc. purchased a new position in Galiano Gold in the fourth quarter valued at about $39,000. XTX Topco Ltd acquired a new position in shares of Galiano Gold during the third quarter worth about $64,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Galiano Gold in the third quarter worth about $147,000. Hedge funds and other institutional investors own 66.82% of the company's stock.
Galiano Gold Stock Performance
Shares of Galiano Gold stock traded up $0.09 during trading on Thursday, reaching $1.34. The company had a trading volume of 1,953,693 shares, compared to its average volume of 847,510. The firm has a market capitalization of $344.59 million, a P/E ratio of -67.00 and a beta of 1.05. Galiano Gold Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.00. The firm's fifty day simple moving average is $1.22.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on GAU shares. Eight Capital raised shares of Galiano Gold to a "strong-buy" rating in a research report on Tuesday, November 19th. BMO Capital Markets downgraded Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, HC Wainwright dropped their price objective on Galiano Gold from $3.10 to $2.80 and set a "buy" rating on the stock in a report on Wednesday, January 29th.
View Our Latest Stock Report on GAU
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.
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