Jane Street Group LLC Trims Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Jane Street Group LLC reduced its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 61.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,306 shares of the company’s stock after selling 91,924 shares during the period. Jane Street Group LLC’s holdings in Galiano Gold were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Donald Smith & CO. Inc. boosted its position in Galiano Gold by 33.3% during the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after acquiring an additional 5,961,685 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after purchasing an additional 2,070,000 shares during the period. Marshall Wace LLP boosted its holdings in shares of Galiano Gold by 208.8% during the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after purchasing an additional 1,013,141 shares during the last quarter. De Lisle Partners LLP grew its position in shares of Galiano Gold by 14.0% in the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 100,000 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Galiano Gold in the third quarter valued at $639,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th. HC Wainwright boosted their price target on Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Galiano Gold Stock Performance

Shares of GAU stock opened at $1.16 on Thursday. Galiano Gold Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $2.00. The company has a market cap of $298.21 million, a price-to-earnings ratio of -58.00 and a beta of 1.04.

About Galiano Gold

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.