Banque Cantonale Vaudoise Invests $33,000 in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Banque Cantonale Vaudoise purchased a new stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 22,918 shares of the company’s stock, valued at approximately $33,000.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Galiano Gold during the second quarter worth approximately $59,000. Cubist Systematic Strategies LLC lifted its stake in Galiano Gold by 141.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after purchasing an additional 31,757 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Galiano Gold during the 1st quarter worth approximately $118,000. Sapient Capital LLC grew its position in shares of Galiano Gold by 15.8% in the second quarter. Sapient Capital LLC now owns 232,244 shares of the company’s stock valued at $399,000 after purchasing an additional 31,744 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Galiano Gold by 172.5% in the first 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 during the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Galiano Gold Stock Performance

GAU stock opened at $1.49 on Friday. Galiano Gold Inc. has a one year low of $0.60 and a one year high of $2.00. The company has a market cap of $383.05 million, a PE ratio of -74.50 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GAU shares. HC Wainwright boosted their price objective on Galiano Gold from $4.20 to $4.60 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Company 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.