Sumitomo Mitsui DS Asset Management Company Ltd Purchases Shares of 1,595,914 Galiano Gold Inc. (NYSEAMERICAN:GAU)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,595,914 shares of the company’s stock, valued at approximately $1,500,000. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.71% of Galiano Gold at the end of the most recent quarter.

Separately, Equinox Partners Investment Management LLC raised its holdings in shares of Galiano Gold by 60.5% during the fourth quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock valued at $32,762,000 after purchasing an additional 13,402,496 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GAU. BMO Capital Markets upped their target price on shares of Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a report on Thursday, March 7th. HC Wainwright restated a “buy” rating and issued a $2.20 target price on shares of Galiano Gold in a report on Tuesday, February 20th.

Galiano Gold Stock Down 3.1 %

Galiano Gold stock opened at $1.43 on Thursday. Galiano Gold Inc. has a twelve month low of $0.52 and a twelve month high of $1.60. The company’s 50 day moving average is $0.61. The company has a market cap of $361.44 million, a P/E ratio of 13.36 and a beta of 1.12.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). As a group, research analysts expect that Galiano Gold Inc. will post 0.19 earnings per share for the current fiscal year.

About Galiano Gold

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.