Galiano Gold Inc. $GAU Shares Sold by Ruffer LLP

Ruffer LLP trimmed its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 13.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,305,507 shares of the company’s stock after selling 2,305,521 shares during the period. Galiano Gold makes up approximately 1.7% of Ruffer LLP’s holdings, making the stock its 18th biggest holding. Ruffer LLP owned approximately 0.06% of Galiano Gold worth $36,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GAU. Raymond James Financial Inc. purchased a new stake in Galiano Gold during the 3rd quarter worth $28,000. Allworth Financial LP purchased a new stake in Galiano Gold during the 3rd quarter worth $51,000. American Century Companies Inc. boosted its position in 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 purchasing an additional 9,558 shares during the period. Mirabella Financial Services LLP purchased a new stake in Galiano Gold during the 3rd quarter worth $60,000. Finally, XTX Topco Ltd purchased a new stake in Galiano Gold during the 2nd quarter worth $74,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

Galiano Gold Price Performance

NYSEAMERICAN:GAU opened at $2.48 on Wednesday. The firm has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.65. The stock has a market cap of $647.01 million, a P/E ratio of -20.66 and a beta of 0.98. Galiano Gold Inc. has a 1-year low of $1.19 and a 1-year high of $3.62.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Galiano Gold in a research report on Monday, January 26th. HC Wainwright upped their price target on shares of Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.25.

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.