Sapient Capital LLC Takes $279,000 Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Sapient Capital LLC acquired a new stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 200,500 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Galiano Gold in the 4th quarter valued at about $1,500,000. Donald Smith & CO. Inc. grew its holdings in shares of Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock valued at $16,063,000 after acquiring an additional 4,817,585 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its holdings in shares of Galiano Gold by 60.5% in the 4th quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock valued at $32,762,000 after acquiring an additional 13,402,496 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Trading Down 2.1 %

Shares of NYSEAMERICAN GAU traded down $0.03 during midday trading on Tuesday, reaching $1.62. 2,676,334 shares of the company were exchanged, compared to its average volume of 860,938. Galiano Gold Inc. has a one year low of $0.52 and a one year high of $1.73. The stock has a market capitalization of $409.63 million, a PE ratio of 14.68 and a beta of 1.12. The company’s 50-day moving average price is $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last released its earnings results on Friday, February 16th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Analysts forecast that Galiano Gold Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GAU has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a report on Thursday, March 7th. HC Wainwright raised their price objective on shares of Galiano Gold from $2.20 to $4.30 and gave the stock a “buy” rating in a research report on Monday.

Galiano Gold Company 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.