Sprott Inc. Acquires New Shares in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Sprott Inc. acquired a new position in Galiano Gold Inc. (NYSEAMERICAN:GAU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,662 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new stake in Galiano Gold during the third quarter worth approximately $33,000. HighTower Advisors LLC acquired a new stake in shares of Galiano Gold in the third quarter worth $36,000. XTX Topco Ltd bought a new stake in shares of Galiano Gold during the 3rd quarter worth $64,000. JPMorgan Chase & Co. acquired a new position in Galiano Gold in the 3rd quarter valued at $147,000. Finally, The Manufacturers Life Insurance Company bought a new position in Galiano Gold in the 3rd quarter worth $639,000. 66.82% of the stock is owned by institutional investors and hedge funds.

Galiano Gold Stock Up 3.3 %

Shares of Galiano Gold stock opened at $1.26 on Thursday. The firm has a market capitalization of $324.02 million, a price-to-earnings ratio of -63.00 and a beta of 1.05. Galiano Gold Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $2.00.

Analyst Ratings Changes

A number of research analysts have weighed in on GAU shares. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, HC Wainwright lowered their target price on Galiano Gold from $3.10 to $2.80 and set a “buy” rating on the stock in a report on Wednesday, January 29th.

Galiano Gold 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.