Renaissance Technologies LLC Has $12.57 Million Stake in Galiano Gold Inc. $GAU

Renaissance Technologies LLC lifted its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,006,653 shares of the company’s stock after acquiring an additional 573,000 shares during the quarter. Renaissance Technologies LLC owned approximately 1.92% of Galiano Gold worth $12,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Galiano Gold by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock valued at $59,000 after buying an additional 9,558 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Galiano Gold during the third quarter valued at $28,000. Mariner LLC bought a new stake in shares of Galiano Gold in the 4th quarter valued at about $38,000. JPMorgan Chase & Co. raised its holdings in Galiano Gold by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 169,962 shares of the company’s stock worth $372,000 after purchasing an additional 16,006 shares during the last quarter. Finally, Sprott Inc. raised its position in shares of Galiano Gold by 28.1% in the 4th quarter. Sprott Inc. now owns 76,662 shares of the company’s stock worth $194,000 after acquiring an additional 16,800 shares in the last quarter. 66.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GAU. Zacks Research lowered shares of Galiano Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Freedom Capital raised shares of Galiano Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Galiano Gold currently has an average rating of “Moderate Buy” and a consensus target price of $4.25.

Galiano Gold Stock Performance

Shares of GAU opened at $1.74 on Friday. The business has a 50-day moving average of $1.98 and a 200 day moving average of $2.46. Galiano Gold Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $3.62. The firm has a market cap of $454.70 million, a P/E ratio of 17.40 and a beta of 0.84.

About Galiano Gold

Galiano Gold Incorporated is a Canada-based gold exploration and development company listed on the NYSE American under the symbol GAU. The company’s primary focus is the acquisition, exploration and advancement of gold deposits in the Americas. Galiano Gold pursues a value-driven strategy to build gold resources by identifying high-potential projects, conducting systematic drilling programs and advancing resource definition toward a development decision.

Galiano Gold’s flagship asset is the Oko West and Oko East gold project located in the Essequibo region of Guyana, where multiple oxide and primary gold mineralized zones have been outlined through extensive drilling.