Galiano Gold Inc. $GAU is Aegis Financial Corp’s 8th Largest Position

Aegis Financial Corp raised its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,659,321 shares of the company’s stock after purchasing an additional 153,400 shares during the quarter. Galiano Gold accounts for 5.6% of Aegis Financial Corp’s investment portfolio, making the stock its 8th biggest holding. Aegis Financial Corp owned about 2.57% of Galiano Gold worth $14,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GAU. Pale Fire Capital SE lifted its holdings in shares of Galiano Gold by 67.2% during the second quarter. Pale Fire Capital SE now owns 6,011,627 shares of the company’s stock worth $7,635,000 after purchasing an additional 2,415,530 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Galiano Gold during the 3rd quarter worth $11,515,000. Bank of America Corp DE raised its position in Galiano Gold by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 1,336,639 shares of the company’s stock worth $1,698,000 after buying an additional 133,821 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Galiano Gold by 543.0% in the 2nd quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock worth $1,378,000 after acquiring an additional 915,154 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Galiano Gold by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,079,224 shares of the company’s stock valued at $1,372,000 after acquiring an additional 72,900 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Stock Up 3.3%

GAU opened at $3.41 on Friday. The business’s fifty day moving average is $2.83 and its two-hundred day moving average is $2.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.60 and a current ratio of 0.92. The company has a market cap of $885.88 million, a price-to-earnings ratio of -28.41 and a beta of 0.87. Galiano Gold Inc. has a one year low of $1.00 and a one year high of $3.41.

Wall Street Analyst Weigh In

GAU has been the subject of several analyst reports. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a report on Monday, January 26th. HC Wainwright boosted their target price on Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Galiano Gold Profile

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.