Galiano Gold Inc. $GAU Shares Bought by Aegis Financial Corp

Aegis Financial Corp raised its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 6,659,321 shares of the company’s stock after purchasing an additional 153,400 shares during the quarter. Galiano Gold comprises 5.6% of Aegis Financial Corp’s investment portfolio, making the stock its 8th biggest holding. Aegis Financial Corp’s holdings in Galiano Gold were worth $14,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. raised its position in shares of Galiano Gold by 939.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 25,009 shares of the company’s stock worth $32,000 after purchasing an additional 22,603 shares during the last quarter. American Century Companies Inc. increased its position in Galiano Gold by 25.9% during the second quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after buying an additional 9,558 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Galiano Gold by 177.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock worth $59,000 after acquiring an additional 29,690 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Galiano Gold in the second quarter valued at $74,000. Finally, Jane Street Group LLC acquired a new stake in shares of Galiano Gold during the second quarter valued at $142,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

Galiano Gold Stock Performance

Shares of GAU stock opened at $3.41 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.60 and a current ratio of 0.92. The firm has a market capitalization of $885.88 million, a price-to-earnings ratio of -28.41 and a beta of 0.87. Galiano Gold Inc. has a one year low of $1.00 and a one year high of $3.41. The company has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.52.

Analysts Set New Price Targets

Several research analysts recently weighed in on GAU shares. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research note on Monday, January 26th. HC Wainwright lifted their price target on shares of Galiano Gold from $3.20 to $4.25 and gave the stock a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Galiano Gold currently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

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.