Connor Clark & Lunn Investment Management Ltd. Sells 16,700 Shares of Galiano Gold Inc. (NYSEAMERICAN:GAU)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,285,324 shares of the company’s stock after selling 16,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.50% of Galiano Gold worth $1,834,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Donald Smith & CO. Inc. lifted its position in shares of Galiano Gold by 33.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after purchasing an additional 5,961,685 shares during the period. Van ECK Associates Corp bought a new stake in Galiano Gold during the second quarter valued at $8,219,000. Marshall Wace LLP grew its holdings in Galiano Gold by 208.8% during the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after acquiring an additional 1,013,141 shares during the period. Acadian Asset Management LLC grew its holdings in Galiano Gold by 186.2% during the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock worth $1,613,000 after acquiring an additional 614,316 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Galiano Gold in the 1st quarter worth about $118,000. 66.82% of the stock is owned by institutional investors.

Galiano Gold Price Performance

NYSEAMERICAN GAU opened at $1.43 on Tuesday. The firm has a market capitalization of $367.62 million, a PE ratio of -71.50 and a beta of 1.10. Galiano Gold Inc. has a 1 year low of $0.60 and a 1 year high of $2.00.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. HC Wainwright lifted their price objective on shares of Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th.

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.