Renaissance Technologies LLC Sells 22,596 Shares of Galiano Gold Inc. (NYSEAMERICAN:GAU)

Renaissance Technologies LLC reduced its holdings in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 0.9% during the second quarter, HoldingsChannel.com reports. The fund owned 2,400,653 shares of the company’s stock after selling 22,596 shares during the quarter. Renaissance Technologies LLC’s holdings in Galiano Gold were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp purchased a new position in Galiano Gold in the second quarter valued at about $8,219,000. Donald Smith & CO. Inc. lifted its stake in Galiano Gold by 5.6% in the second quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company’s stock valued at $30,822,000 after purchasing an additional 947,328 shares during the last quarter. Equinox Partners Investment Management LLC grew its holdings in Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock valued at $50,300,000 after purchasing an additional 662,500 shares during the period. Acadian Asset Management LLC raised its stake in shares of Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock valued at $1,613,000 after buying an additional 614,316 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Galiano Gold in the first quarter valued at $118,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Galiano Gold Price Performance

GAU opened at $1.43 on Friday. The stock has a market capitalization of $367.40 million, a PE ratio of 28.60 and a beta of 1.13. Galiano Gold Inc. has a twelve month low of $0.52 and a twelve month high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million for the quarter. On average, equities research analysts anticipate that Galiano Gold Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright cut their price target on Galiano Gold from $4.40 to $4.20 and set a “buy” rating for the company in a research note on Monday, August 12th.

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.