Galiano Gold Inc. $GAU is Equinox Partners Investment Management LLC’s 4th Largest Position

Equinox Partners Investment Management LLC lessened its position in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 32.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,357,961 shares of the company’s stock after selling 4,482,817 shares during the period. Galiano Gold makes up 9.5% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 4th largest holding. Equinox Partners Investment Management LLC’s holdings in Galiano Gold were worth $23,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Galiano Gold in the 4th quarter valued at approximately $55,000. Mackenzie Financial Corp acquired a new position in Galiano Gold during the fourth quarter worth $643,000. XTX Topco Ltd grew its holdings in Galiano Gold by 23.9% during the fourth quarter. XTX Topco Ltd now owns 623,919 shares of the company’s stock worth $1,579,000 after acquiring an additional 120,388 shares during the period. Oxford Asset Management LLP purchased a new position in Galiano Gold in the fourth quarter worth $117,000. Finally, Millennium Management LLC raised its position in Galiano Gold by 23.9% in the fourth quarter. Millennium Management LLC now owns 4,812,612 shares of the company’s stock worth $12,205,000 after acquiring an additional 927,601 shares in the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Freedom Capital raised Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Galiano Gold presently has a consensus rating of “Buy” and an average target price of $4.25.

Galiano Gold Stock Performance

Shares of Galiano Gold stock opened at $1.87 on Wednesday. Galiano Gold Inc. has a 12-month low of $1.26 and a 12-month high of $3.62. The stock has a market cap of $488.67 million, a PE ratio of 18.70 and a beta of 0.78. The company has a 50-day moving average of $2.25 and a two-hundred day moving average of $2.57.

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.