Quantbot Technologies LP Sells 20,359 Shares of Galiano Gold Inc. (NYSEAMERICAN:GAU)

Quantbot Technologies LP trimmed its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 49.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,874 shares of the company’s stock after selling 20,359 shares during the period. Quantbot Technologies LP’s holdings in Galiano Gold were worth $30,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of Galiano Gold during the third quarter valued at about $33,000. National Bank of Canada FI bought a new stake in Galiano Gold during the 2nd quarter valued at approximately $59,000. Cubist Systematic Strategies LLC grew its holdings in shares of Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after acquiring an additional 31,757 shares during the period. Sapient Capital LLC raised its position in shares of Galiano Gold by 6.7% in the 3rd quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock worth $354,000 after acquiring an additional 15,450 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Galiano Gold in the 3rd quarter valued at approximately $639,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Galiano Gold Stock Performance

Galiano Gold stock opened at $1.31 on Friday. Galiano Gold Inc. has a 12 month low of $0.60 and a 12 month high of $2.00. The firm has a market capitalization of $336.77 million, a price-to-earnings ratio of -65.50 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GAU shares. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th. HC Wainwright lifted their price target on shares of 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 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.