Dynamic Technology Lab Private Ltd Has $607,000 Position in Galiano Gold Inc. $GAU

Dynamic Technology Lab Private Ltd lifted its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 496.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,184 shares of the company’s stock after purchasing an additional 230,718 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.11% of Galiano Gold worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forge First Asset Management Inc. acquired a new position in Galiano Gold in the 3rd quarter valued at approximately $2,177,000. Quantbot Technologies LP acquired a new position in shares of Galiano Gold during the third quarter worth $734,000. Quadrature Capital Ltd bought a new stake in shares of Galiano Gold in the second quarter worth $568,000. Aegis Financial Corp grew its stake in shares of Galiano Gold by 162.5% in the second quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock worth $8,250,000 after purchasing an additional 4,027,090 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Galiano Gold in the third quarter valued at $11,515,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GAU shares. Scotiabank reaffirmed a “sector perform” rating on shares of Galiano Gold in a report on Monday, January 26th. HC Wainwright raised their price objective 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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.25.

Galiano Gold Stock Down 0.3%

GAU stock opened at $3.13 on Wednesday. The company has a market capitalization of $813.14 million, a price-to-earnings ratio of -26.08 and a beta of 0.82. 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 stock has a fifty day moving average of $2.94 and a 200-day moving average of $2.61. Galiano Gold Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $3.62.

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.