Sapient Capital LLC Acquires Shares of 200,500 Galiano Gold Inc. (NYSEAMERICAN:GAU)

Sapient Capital LLC acquired a new stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 200,500 shares of the company’s stock, valued at approximately $279,000. Sapient Capital LLC owned 0.08% of Galiano Gold at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Equinox Partners Investment Management LLC boosted its position in Galiano Gold by 60.5% during the fourth quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock worth $32,762,000 after acquiring an additional 13,402,496 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Galiano Gold during the fourth quarter worth approximately $1,500,000. Finally, Donald Smith & CO. Inc. boosted its stake in Galiano Gold by 39.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after buying an additional 4,817,585 shares during the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.

Galiano Gold Stock Performance

Shares of GAU stock traded down $0.03 during trading hours on Tuesday, reaching $1.62. 2,676,334 shares of the company’s stock were exchanged, compared to its average volume of 860,938. The firm has a market cap of $409.63 million, a P/E ratio of 14.68 and a beta of 1.12. The business’s 50 day simple moving average is $0.61. Galiano Gold Inc. has a 1 year low of $0.52 and a 1 year high of $1.73.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). Sell-side analysts forecast that Galiano Gold Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GAU has been the subject of a number of recent analyst reports. HC Wainwright raised their price target on shares of Galiano Gold from $2.20 to $4.30 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets upped their price target on Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

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.