Ruffer LLP Grows Stock Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Ruffer LLP raised its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,438,262 shares of the company’s stock after purchasing an additional 838,300 shares during the period. Galiano Gold accounts for approximately 0.8% of Ruffer LLP’s portfolio, making the stock its 26th largest holding. Ruffer LLP owned approximately 0.07% of Galiano Gold worth $22,960,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Galiano Gold in the third quarter worth $33,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold in the third quarter valued at $36,000. Sprott Inc. purchased a new position in shares of Galiano Gold in the fourth quarter valued at $39,000. XTX Topco Ltd purchased a new position in shares of Galiano Gold in the third quarter valued at $64,000. Finally, De Lisle Partners LLP boosted its stake in shares of Galiano Gold by 14.0% in the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Stock Up 0.8 %

NYSEAMERICAN GAU opened at $1.25 on Friday. Galiano Gold Inc. has a 12 month low of $1.05 and a 12 month high of $2.00. The company has a market cap of $321.45 million, a P/E ratio of -62.50 and a beta of 1.05. The company’s fifty day moving average is $1.22.

Analyst Upgrades and Downgrades

GAU has been the subject of several analyst reports. HC Wainwright decreased their target price on shares of Galiano Gold from $3.10 to $2.80 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, BMO Capital Markets downgraded shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.

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.