Renaissance Technologies LLC Boosts Position in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Renaissance Technologies LLC lifted its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,741,253 shares of the company’s stock after purchasing an additional 16,677 shares during the period. Renaissance Technologies LLC owned about 1.07% of Galiano Gold worth $3,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aegis Financial Corp grew its stake in Galiano Gold by 2,154.8% in the fourth quarter. Aegis Financial Corp now owns 2,392,299 shares of the company’s stock worth $2,978,000 after purchasing an additional 2,286,199 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Galiano Gold by 7.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock valued at $31,621,000 after purchasing an additional 1,827,084 shares during the last quarter. Ruffer LLP grew its holdings in shares of Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock valued at $22,960,000 after buying an additional 838,300 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Galiano Gold during the 3rd quarter valued at about $147,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Galiano Gold in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets downgraded Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. HC Wainwright reiterated a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a report on Wednesday, March 19th.

Galiano Gold Stock Down 3.6 %

GAU opened at $1.35 on Wednesday. The firm has a market cap of $347.17 million, a P/E ratio of -67.50 and a beta of 1.05. The business has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $1.35. Galiano Gold Inc. has a 52 week low of $1.00 and a 52 week high of $2.00.

Galiano Gold Company 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.