Donald Smith & CO. Inc. Has $31.62 Million Stock Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Donald Smith & CO. Inc. increased its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 7.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,708,407 shares of the company’s stock after purchasing an additional 1,827,084 shares during the period. Donald Smith & CO. Inc. owned about 0.10% of Galiano Gold worth $31,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new position in shares of Galiano Gold during the third quarter valued at about $36,000. Sprott Inc. acquired a new position in Galiano Gold during the 4th quarter valued at about $39,000. XTX Topco Ltd bought a new stake in Galiano Gold during the 3rd quarter worth approximately $64,000. JPMorgan Chase & Co. purchased a new stake in shares of Galiano Gold in the third quarter worth approximately $147,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Galiano Gold in the third quarter valued at approximately $639,000. Institutional investors own 66.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GAU shares. BMO Capital Markets downgraded Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. HC Wainwright reiterated a “buy” rating and issued a $2.80 target price on shares of Galiano Gold in a report on Wednesday, March 19th.

Galiano Gold Price Performance

Shares of NYSEAMERICAN GAU opened at $1.15 on Thursday. The stock has a market cap of $295.73 million, a P/E ratio of -57.50 and a beta of 1.05. The business has a 50 day simple moving average of $1.22. Galiano Gold Inc. has a twelve month low of $1.07 and a twelve month high of $2.00.

Galiano Gold 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.