Hillsdale Investment Management Inc. Invests $11.52 Million in Galiano Gold Inc. $GAU

Hillsdale Investment Management Inc. purchased a new stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,290,195 shares of the company’s stock, valued at approximately $11,515,000.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in Galiano Gold by 939.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 25,009 shares of the company’s stock valued at $32,000 after acquiring an additional 22,603 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Galiano Gold by 177.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 46,466 shares of the company’s stock worth $59,000 after purchasing an additional 29,690 shares during the period. American Century Companies Inc. grew its position in Galiano Gold by 25.9% during the second quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock valued at $59,000 after purchasing an additional 9,558 shares in the last quarter. XTX Topco Ltd acquired a new position in Galiano Gold in the 2nd quarter valued at approximately $74,000. Finally, Jane Street Group LLC acquired a new position in Galiano Gold in the 2nd quarter valued at approximately $142,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Galiano Gold Stock Performance

GAU stock opened at $3.07 on Friday. The firm has a 50 day moving average of $2.77 and a two-hundred day moving average of $2.48. Galiano Gold Inc. has a 12 month low of $1.00 and a 12 month high of $3.26. The company has a market capitalization of $797.56 million, a price-to-earnings ratio of -25.58 and a beta of 0.87. The company has a quick ratio of 0.70, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. HC Wainwright boosted their price target on shares of Galiano Gold from $3.20 to $4.25 and gave the company a “buy” rating in a report on Thursday. Scotiabank reissued a “sector perform” rating on shares of Galiano Gold in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Galiano Gold has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Galiano Gold Profile

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.