Connor Clark & Lunn Investment Management Ltd. Trims Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 19.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,037,824 shares of the company’s stock after selling 247,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Galiano Gold were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in Galiano Gold during the third quarter worth about $33,000. HighTower Advisors LLC purchased a new stake in Galiano Gold during the 3rd quarter worth approximately $36,000. Sprott Inc. acquired a new stake in Galiano Gold during the 4th quarter worth approximately $39,000. XTX Topco Ltd purchased a new position in Galiano Gold in the 3rd quarter valued at approximately $64,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Galiano Gold in the third quarter worth $147,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Analyst Upgrades and Downgrades

GAU has been the topic of several analyst reports. HC Wainwright reiterated a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday. BMO Capital Markets lowered Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th.

Galiano Gold Price Performance

Shares of GAU opened at $1.34 on Thursday. The firm has a fifty day moving average price of $1.23. The firm has a market cap of $344.59 million, a price-to-earnings ratio of -67.00 and a beta of 1.05. Galiano Gold Inc. has a twelve month low of $1.07 and a twelve month high of $2.00.

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.