U S Global Investors Inc. Takes $5.55 Million Position in Galiano Gold Inc. $GAU

U S Global Investors Inc. acquired a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,193,071 shares of the company’s stock, valued at approximately $5,548,000.

Several other institutional investors have also recently made changes to their positions in GAU. Bank of America Corp DE raised its holdings in shares of Galiano Gold by 465.0% during the third quarter. Bank of America Corp DE now owns 7,551,829 shares of the company’s stock valued at $16,539,000 after purchasing an additional 6,215,190 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Galiano Gold during the third quarter valued at about $11,515,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Galiano Gold by 3,458.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,166,956 shares of the company’s stock valued at $11,291,000 after purchasing an additional 5,021,749 shares during the period. Millennium Management LLC raised its holdings in shares of Galiano Gold by 7,622.3% during the third quarter. Millennium Management LLC now owns 3,885,011 shares of the company’s stock valued at $8,491,000 after purchasing an additional 3,834,702 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Galiano Gold by 44.5% during the third quarter. Franklin Resources Inc. now owns 10,823,502 shares of the company’s stock valued at $23,560,000 after purchasing an additional 3,331,240 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Price Performance

GAU opened at $2.44 on Friday. Galiano Gold Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $3.62. The firm has a market capitalization of $637.21 million, a PE ratio of -20.33 and a beta of 0.98. The company’s 50-day moving average is $2.75 and its 200 day moving average is $2.65.

Analyst Upgrades and Downgrades

GAU has been the topic of several research reports. HC Wainwright upped their price objective on shares of Galiano Gold from $3.20 to $4.25 and gave the company a “buy” rating in a report on Thursday, February 19th. Scotiabank reiterated a “sector perform” rating on shares of Galiano Gold in a report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Galiano Gold Profile

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.