Galiano Gold Inc. $GAU Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 13.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 882,962 shares of the company’s stock after purchasing an additional 106,685 shares during the period. Goldman Sachs Group Inc. owned approximately 0.34% of Galiano Gold worth $1,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Galiano Gold by 46.9% during the 4th quarter. Bank of America Corp DE now owns 860,516 shares of the company’s stock worth $1,058,000 after acquiring an additional 274,759 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Galiano Gold by 11.4% in the 4th quarter. Two Sigma Advisers LP now owns 155,800 shares of the company’s stock worth $192,000 after acquiring an additional 16,000 shares during the period. Pale Fire Capital SE acquired a new stake in shares of Galiano Gold in the 1st quarter valued at approximately $4,459,000. Donald Smith & CO. Inc. lifted its stake in shares of Galiano Gold by 1.5% in the first quarter. Donald Smith & CO. Inc. now owns 26,092,047 shares of the company’s stock valued at $32,354,000 after purchasing an additional 383,640 shares during the period. Finally, Sprott Inc. raised its holdings in Galiano Gold by 55.9% during the first quarter. Sprott Inc. now owns 49,362 shares of the company’s stock worth $61,000 after purchasing an additional 17,700 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Stock Up 6.8%

Shares of NYSEAMERICAN GAU opened at $2.52 on Monday. Galiano Gold Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $2.72. The business has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $1.53. The firm has a market cap of $652.35 million, a PE ratio of -83.97 and a beta of 0.69.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price target on Galiano Gold from $2.80 to $3.20 and gave the stock a “buy” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Galiano Gold currently has a consensus rating of “Buy” and a consensus target price of $3.20.

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.