Galiano Gold Inc. $GAU Shares Sold by Ruffer LLP

Ruffer LLP cut its position in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,611,028 shares of the company’s stock after selling 2,332,224 shares during the quarter. Galiano Gold accounts for 2.0% of Ruffer LLP’s holdings, making the stock its 17th largest holding. Ruffer LLP owned approximately 6.42% of Galiano Gold worth $36,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of GAU. Aegis Financial Corp grew its stake in shares of Galiano Gold by 162.5% in the second quarter. Aegis Financial Corp now owns 6,505,921 shares of the company’s stock worth $8,250,000 after acquiring an additional 4,027,090 shares in the last quarter. Pale Fire Capital SE increased its stake in shares of Galiano Gold by 67.2% during the second quarter. Pale Fire Capital SE now owns 6,011,627 shares of the company’s stock worth $7,635,000 after buying an additional 2,415,530 shares during the period. Bank of America Corp DE raised its holdings in Galiano Gold by 11.1% in the second quarter. Bank of America Corp DE now owns 1,336,639 shares of the company’s stock valued at $1,698,000 after acquiring an additional 133,821 shares in the last quarter. Bank of Montreal Can lifted its stake in Galiano Gold by 543.0% in the second quarter. Bank of Montreal Can now owns 1,083,699 shares of the company’s stock worth $1,378,000 after acquiring an additional 915,154 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Galiano Gold by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,079,224 shares of the company’s stock worth $1,372,000 after acquiring an additional 72,900 shares during the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Galiano Gold Stock Performance

Shares of GAU stock opened at $3.16 on Thursday. Galiano Gold Inc. has a 1 year low of $1.00 and a 1 year high of $3.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a market cap of $820.94 million, a price-to-earnings ratio of -17.55 and a beta of 0.86. The stock’s 50-day moving average is $2.60 and its two-hundred day moving average is $2.31.

Wall Street Analyst Weigh In

Separately, Scotiabank restated a “sector perform” rating on shares of Galiano Gold in a report on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.20.

Galiano Gold Company 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.