JPMorgan Chase & Co. Purchases Shares of 103,200 Galiano Gold Inc. (NYSEAMERICAN:GAU)

JPMorgan Chase & Co. acquired a new position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 103,200 shares of the company’s stock, valued at approximately $147,000.

Other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Galiano Gold during the 3rd quarter worth approximately $33,000. HighTower Advisors LLC bought a new position in Galiano Gold during the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new stake in shares of Galiano Gold during the third quarter worth $64,000. Cubist Systematic Strategies LLC boosted its position in shares of Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after acquiring an additional 31,757 shares during the period. Finally, Sapient Capital LLC grew its position in shares of Galiano Gold by 6.7% during the 3rd quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock worth $354,000 after purchasing an additional 15,450 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GAU. HC Wainwright dropped their price objective on Galiano Gold from $3.10 to $2.80 and set a “buy” rating for the company in a report on Wednesday. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, BMO Capital Markets downgraded shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

Galiano Gold Price Performance

NYSEAMERICAN GAU opened at $1.12 on Friday. The firm has a market cap of $287.93 million, a price-to-earnings ratio of -56.00 and a beta of 1.06. Galiano Gold Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $71.13 million for the quarter. As a group, analysts predict that Galiano Gold Inc. will post 0.08 EPS for the current fiscal year.

About Galiano Gold

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.