Galiano Gold Inc. (NYSEAMERICAN:GAU) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,741,253 shares of the company’s stock after buying an additional 16,677 shares during the quarter. Renaissance Technologies LLC’s holdings in Galiano Gold were worth $3,372,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GAU. Aegis Financial Corp boosted its stake in shares of Galiano Gold by 2,154.8% during the 4th 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 during the last quarter. Donald Smith & CO. Inc. boosted its position in Galiano Gold by 7.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock worth $31,621,000 after acquiring an additional 1,827,084 shares during the last quarter. Ruffer LLP boosted its position in Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after acquiring an additional 838,300 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Galiano Gold in the 3rd quarter worth approximately $147,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Galiano Gold in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Trading Down 3.6 %

Shares of Galiano Gold stock opened at $1.35 on Wednesday. The business’s fifty day moving average price is $1.25 and its 200 day moving average price is $1.35. Galiano Gold Inc. has a twelve month low of $1.00 and a twelve month high of $2.00. The stock has a market capitalization of $347.17 million, a P/E ratio of -67.50 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GAU. HC Wainwright reaffirmed a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a research report on Wednesday, March 19th. BMO Capital Markets cut Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th.

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.