5 Gold Stocks Under $5

4. Galiano Gold Inc. (NYSE:GAU)

Number of Hedge Fund Holders: 6   

Real-Time Share Price as of April 22: $0.51

Galiano Gold Inc. (NYSE:GAU) engages in the development and production of gold properties. On March 29, the company posted earnings for the fourth quarter of 2021, reporting a revenue of $91 million, down nearly 18% year-on-year. In late January, the company had announced that it had generated nearly $381 million from the sale of 216,076 ounces of gold sold at an average price of  $1,767/ounce in the fourth quarter of 2021. The annual gold production stood at 210,241 ounces, slightly below 2021 guidance. 

In early January, investment advisory Scotiabank maintained a Sector Perform rating on Galiano Gold Inc. (NYSE:GAU) stock with a price target of C$1.75. The ratings update was issued by analyst Ovais Habib. 

At the end of the fourth quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $19.30 million in Galiano Gold Inc. (NYSE:GAU), the same as in the preceding quarter worth $19.38 million. 

Among the hedge funds being tracked by Insider Monkey, Idaho-based investment firm Sun Valley Gold is a leading shareholder in Galiano Gold Inc. (NYSE:GAU) with 23 million shares worth more than $17 million.