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

Aegis Financial Corp decreased its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 6,409,321 shares of the company’s stock after selling 250,000 shares during the period. Galiano Gold accounts for 3.9% of Aegis Financial Corp’s investment portfolio, making the stock its 10th biggest holding. Aegis Financial Corp’s holdings in Galiano Gold were worth $16,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. U S Global Investors Inc. acquired a new position in shares of Galiano Gold during the fourth quarter valued at about $5,548,000. Forge First Asset Management Inc. acquired a new position in shares of Galiano Gold during the third quarter valued at about $2,177,000. Quantbot Technologies LP acquired a new position in shares of Galiano Gold during the third quarter valued at about $734,000. Polunin Capital Partners Ltd acquired a new position in shares of Galiano Gold during the fourth quarter valued at about $5,171,000. Finally, MMCAP International Inc. SPC acquired a new position in shares of Galiano Gold during the third quarter valued at about $544,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Galiano Gold Stock Up 5.2%

NYSEAMERICAN GAU opened at $2.04 on Friday. The stock has a market cap of $532.87 million, a P/E ratio of 20.40 and a beta of 0.78. The company’s 50-day simple moving average is $2.39 and its 200 day simple moving average is $2.60. Galiano Gold Inc. has a twelve month low of $1.22 and a twelve month high of $3.62.

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.