Acadian Asset Management LLC owns $1.61 million in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Acadian Asset Management LLC grew its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU – Free Report) by 186.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 944,190 shares of the company’s stock after acquiring an additional 614,316 shares during the period. Acadian Asset Management LLC’s holdings in Galiano Gold were worth $1,613,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in shares of Galiano Gold in the second quarter valued at about $59,000. Van ECK Associates Corp acquired a new position in Galiano Gold in the second quarter valued at about $8,219,000. Sapient Capital LLC boosted its holdings in Galiano Gold by 15.8% in the second quarter. Sapient Capital LLC now owns 232,244 shares of the company’s stock worth $399,000 after buying an additional 31,744 shares in the last quarter. Virtu Financial LLC purchased a new position in Galiano Gold in the 1st quarter valued at about $118,000. Finally, Equinox Partners Investment Management LLC boosted its holdings in Galiano Gold by 1.9% in the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after buying an additional 662,500 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s shares.

Changes in Analyst Ratings

Separately, HC Wainwright dropped their price objective on Galiano Gold from $4.40 to $4.20 and set a “buy” rating on the stock in a report on Monday, August 12th.

Check out the latest stock analysis on Galiano Gold

Galiano Gold Stock Performance

NYSEAMERICAN:GAU opened at $1.53 on Friday. Galiano Gold Inc. has a 52-week low of $0.52 and a 52-week high of $2.00. The company has a market cap of $393.09 million, a P/E ratio of 30.60 and a beta of 1.13.

Galiano Gold (NYSEAMERICAN:GAU – Get Your Free Report ) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $63.00 million for the quarter. On average, sell-side analysts anticipate that Galiano Gold Inc. will post 0.17 EPS for the current year.

Galiano Gold profile

(Free Report)

Galiano Gold Inc is engaged in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko gold mine, which covers an area of ​​approximately 21,000 hectares located in Ghana, West Africa. The company was previously known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.

Further reading

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