Van ECK Associates Corp grew its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 43.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,854,000 shares of the company's stock after purchasing an additional 2,070,000 shares during the quarter. Van ECK Associates Corp owned approximately 2.67% of Galiano Gold worth $9,733,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Galiano Gold by 172.5% in the first quarter. Acadian Asset Management LLC now owns 329,874 shares of the company's stock worth $453,000 after buying an additional 208,800 shares in the last quarter. Virtu Financial LLC purchased a new position in Galiano Gold during the first quarter worth approximately $118,000. Sapient Capital LLC boosted its position in shares of Galiano Gold by 15.8% during 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 during the last quarter. National Bank of Canada FI purchased a new stake in shares of Galiano Gold during the 2nd quarter valued at approximately $59,000. Finally, Donald Smith & CO. Inc. increased its position 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 last quarter. Hedge funds and other institutional investors own 66.82% of the company's stock.
Galiano Gold Stock Performance
Shares of GAU remained flat at $1.59 during mid-day trading on Thursday. 460,296 shares of the company's stock were exchanged, compared to its average volume of 981,901. Galiano Gold Inc. has a 52 week low of $0.52 and a 52 week high of $2.00. The firm has a market cap of $408.53 million, a price-to-earnings ratio of 52.67 and a beta of 1.10.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $63.00 million for the quarter. Equities research analysts anticipate that Galiano Gold Inc. will post 0.13 EPS for the current year.
Wall Street Analyst Weigh In
Separately, HC Wainwright reduced their target price on shares of Galiano Gold from $4.40 to $4.20 and set a "buy" rating on the stock in a report on Monday, August 12th.
Check Out Our Latest Stock Analysis 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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