Galiano Gold Inc. (NYSEAMERICAN:GAU) is Equinox Partners Investment Management LLC’s Largest Position

Equinox Partners Investment Management LLC reduced its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,782,506 shares of the company’s stock after selling 98,257 shares during the quarter. Galiano Gold comprises about 27.8% of Equinox Partners Investment Management LLC’s portfolio, making the stock its largest holding. Equinox Partners Investment Management LLC owned about 12.75% of Galiano Gold worth $40,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its position in Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after buying an additional 5,961,685 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock valued at $9,733,000 after purchasing an additional 2,070,000 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Galiano Gold by 14.0% during the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 100,000 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Galiano Gold during the 3rd quarter valued at approximately $639,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Galiano Gold during the 3rd quarter valued at approximately $147,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

Galiano Gold Stock Performance

Shares of GAU opened at $1.28 on Tuesday. The stock has a market capitalization of $329.16 million, a P/E ratio of -64.00 and a beta of 1.05. Galiano Gold Inc. has a 12-month low of $0.89 and a 12-month high of $2.00.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GAU shares. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th. HC Wainwright dropped their price target on shares of Galiano Gold from $3.10 to $2.80 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, BMO Capital Markets cut shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.

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.