5 Best Junior Gold Mining Stocks To Buy Now

3. Galiano Gold Inc. (NYSE: GAU)

Galiano Gold is a Canada-based precious metals exploration and mining company. H.C. Wainwright reiterated recently reiterated a Buy rating for the stock with a price target of $2.80. One of the major mines owned by the company include the Asanko Gold, which spans over 21,000 hectares on the “highly prospective” and under-explored Asankrangwa Gold Belt, according to the company’s website. The stock is up 21% over the last 12 months.

According to our database, the number of GAU’s long hedge funds positions decreased at the end of the fourth quarter of 2020. There were 5 hedge funds that hold a position in Galiano Gold Inc. compared to 6 funds in the third quarter. The biggest stakeholder of the company is Sun Valley Gold, with 23.7 million shares, worth $26.6 million.