Sapient Capital LLC Purchases 31,744 Shares of Galiano Gold Inc. (NYSEAMERICAN:GAU)

Sapient Capital LLC raised its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 15.8% during the 2nd quarter, Holdings Channel reports. The fund owned 232,244 shares of the company’s stock after purchasing an additional 31,744 shares during the period. Sapient Capital LLC’s holdings in Galiano Gold were worth $399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GAU. Virtu Financial LLC purchased a new position in Galiano Gold in the 1st quarter worth $118,000. Acadian Asset Management LLC increased its stake in shares of Galiano Gold by 172.5% in the 1st quarter. Acadian Asset Management LLC now owns 329,874 shares of the company’s stock valued at $453,000 after purchasing an additional 208,800 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Galiano Gold in the 4th quarter valued at about $1,500,000. Donald Smith & CO. Inc. boosted its holdings in Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after buying an additional 4,817,585 shares during the last quarter. Finally, Equinox Partners Investment Management LLC boosted its holdings in Galiano Gold by 1.9% in the 1st quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after buying an additional 662,500 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

Galiano Gold Trading Up 0.4 %

Shares of Galiano Gold stock traded up $0.01 during trading hours on Monday, reaching $1.35. 846,265 shares of the company were exchanged, compared to its average volume of 1,075,467. Galiano Gold Inc. has a 1 year low of $0.52 and a 1 year high of $2.00. The firm has a market capitalization of $343.76 million, a P/E ratio of 27.20 and a beta of 1.10.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $63.00 million during the quarter. Sell-side analysts predict that Galiano Gold Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on Galiano Gold from $4.30 to $4.40 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

Galiano Gold Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.