The Manufacturers Life Insurance Company purchased a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 447,296 shares of the company's stock, valued at approximately $639,000. The Manufacturers Life Insurance Company owned approximately 0.17% of Galiano Gold at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of GAU. Banque Cantonale Vaudoise acquired a new position in shares of Galiano Gold in the third quarter worth about $33,000. National Bank of Canada FI acquired a new position in Galiano Gold in the 2nd quarter worth about $59,000. Cubist Systematic Strategies LLC boosted its position in Galiano Gold by 141.7% during the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company's stock worth $93,000 after purchasing an additional 31,757 shares in the last quarter. Sapient Capital LLC grew its holdings in Galiano Gold by 6.7% in the third quarter. Sapient Capital LLC now owns 247,694 shares of the company's stock valued at $354,000 after purchasing an additional 15,450 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock valued at $1,613,000 after buying an additional 614,316 shares in the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on GAU. HC Wainwright boosted their target price on shares of Galiano Gold from $4.20 to $4.60 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Eight Capital upgraded Galiano Gold to a "strong-buy" rating in a research note on Tuesday, November 19th.
Check Out Our Latest Stock Report on Galiano Gold
Galiano Gold Price Performance
GAU stock traded up $0.02 during trading on Friday, reaching $1.33. 434,984 shares of the stock were exchanged, compared to its average volume of 948,049. The company has a market capitalization of $341.92 million, a PE ratio of -66.50 and a beta of 1.04. Galiano Gold Inc. has a 1 year low of $0.63 and a 1 year high of $2.00.
Galiano Gold Company Profile
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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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