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

Jane Street Group LLC lessened its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 61.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,306 shares of the company’s stock after selling 91,924 shares during the quarter. Jane Street Group LLC’s holdings in Galiano Gold were worth $81,000 at the end of the most recent reporting period.

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

Galiano Gold Stock Performance

GAU opened at $1.16 on Thursday. The company has a market capitalization of $298.21 million, a P/E ratio of -58.00 and a beta of 1.04. Galiano Gold Inc. has a 1-year low of $0.80 and a 1-year high of $2.00.

Analyst Ratings Changes

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