Galiano Gold (NYSEAMERICAN:GAU) Shares Down 10.8% – Should You Sell?

Galiano Gold Inc. (NYSEAMERICAN:GAU)’s stock price traded down 10.8% during trading on Tuesday . The company traded as low as $2.70 and last traded at $2.6950. 1,058,100 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 3,515,917 shares. The stock had previously closed at $3.02.

Analyst Upgrades and Downgrades

GAU has been the topic of a number of research analyst reports. HC Wainwright increased their target price on Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a report on Thursday. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Galiano Gold currently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Galiano Gold Stock Up 7.5%

The firm has a 50-day moving average price of $2.76 and a two-hundred day moving average price of $2.46. The company has a market capitalization of $781.97 million, a P/E ratio of -25.08 and a beta of 0.87. The company has a quick ratio of 0.70, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Galiano Gold

Hedge funds have recently made changes to their positions in the stock. Aegis Financial Corp lifted its stake in shares of Galiano Gold by 162.5% during the second quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock valued at $8,250,000 after acquiring an additional 4,027,090 shares during the period. Quadrature Capital Ltd bought a new stake in Galiano Gold during the 2nd quarter worth about $568,000. Pale Fire Capital SE lifted its position in Galiano Gold by 67.2% during the 2nd quarter. Pale Fire Capital SE now owns 6,011,627 shares of the company’s stock valued at $7,635,000 after purchasing an additional 2,415,530 shares during the period. Bank of Montreal Can boosted its stake in shares of Galiano Gold by 543.0% in the 2nd quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock valued at $1,378,000 after purchasing an additional 915,154 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Galiano Gold by 177.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock worth $59,000 after buying an additional 29,690 shares during the period. Institutional investors own 66.82% of the company’s stock.

About Galiano Gold

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.