Galiano Gold Inc. (NYSEAMERICAN:GAU) Shares Sold by Equinox Partners Investment Management LLC

Equinox Partners Investment Management LLC cut its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 32,782,506 shares of the company’s stock after selling 98,257 shares during the period. Galiano Gold comprises approximately 27.8% of Equinox Partners Investment Management LLC’s portfolio, making the stock its largest holding. Equinox Partners Investment Management LLC owned approximately 0.13% of Galiano Gold worth $40,795,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Banque Cantonale Vaudoise acquired a new stake in shares of Galiano Gold during the third quarter worth $33,000. HighTower Advisors LLC acquired a new stake in Galiano Gold in the third quarter valued at $36,000. XTX Topco Ltd acquired a new stake in Galiano Gold in the third quarter valued at $64,000. JPMorgan Chase & Co. acquired a new stake in Galiano Gold in the third quarter valued at $147,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Galiano Gold in the third quarter valued at $639,000. 66.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Galiano Gold Price Performance

NYSEAMERICAN:GAU opened at $1.28 on Tuesday. The firm has a market cap of $329.16 million, a PE ratio of -64.00 and a beta of 1.05. Galiano Gold Inc. has a 52-week low of $0.89 and a 52-week high of $2.00.

Galiano Gold 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.