Equinox Partners Investment Management LLC Has $35.20 Million Stock Position in Galiano Gold Inc. $GAU

Equinox Partners Investment Management LLC cut its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAUFree Report) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,840,778 shares of the company’s stock after selling 1,866,280 shares during the quarter. Galiano Gold comprises 18.4% of Equinox Partners Investment Management LLC’s holdings, making the stock its biggest position. Equinox Partners Investment Management LLC owned approximately 0.05% of Galiano Gold worth $35,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GAU. Goldman Sachs Group Inc. boosted its stake in shares of Galiano Gold by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 882,962 shares of the company’s stock worth $1,095,000 after acquiring an additional 106,685 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Galiano Gold during the 2nd quarter worth $196,000. American Century Companies Inc. boosted its stake in shares of Galiano Gold by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after acquiring an additional 9,558 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Galiano Gold during the 2nd quarter worth $74,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Galiano Gold during the 2nd quarter worth $185,000. 66.82% of the stock is owned by institutional investors.

Galiano Gold Trading Down 3.1%

Shares of NYSEAMERICAN:GAU opened at $2.20 on Thursday. Galiano Gold Inc. has a 1 year low of $1.22 and a 1 year high of $3.62. The business has a fifty day simple moving average of $2.36 and a 200 day simple moving average of $2.60. The firm has a market cap of $574.66 million, a price-to-earnings ratio of 22.00 and a beta of 0.78.

Analysts Set New Price Targets

GAU has been the subject of several research reports. HC Wainwright raised their price objective on Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Freedom Capital upgraded Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Galiano Gold has a consensus rating of “Buy” and a consensus target price of $4.25.

Read Our Latest Research Report on GAU

Galiano Gold Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Galiano Gold (NYSEAMERICAN:GAU)

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