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

Donald Smith & CO. Inc. lifted its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,708,407 shares of the company’s stock after acquiring an additional 1,827,084 shares during the quarter. Donald Smith & CO. Inc. owned approximately 10.00% of Galiano Gold worth $31,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in Galiano Gold in the 3rd quarter valued at approximately $639,000. XTX Topco Ltd acquired a new stake in Galiano Gold in the third quarter valued at $64,000. JPMorgan Chase & Co. bought a new position in Galiano Gold during the 3rd quarter worth $147,000. HighTower Advisors LLC bought a new position in Galiano Gold during the 3rd quarter worth $36,000. Finally, Ruffer LLP lifted its holdings in Galiano Gold by 4.8% during the 4th quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after buying an additional 838,300 shares during the period. Institutional investors own 66.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Galiano Gold Stock Performance

Shares of Galiano Gold stock opened at $1.15 on Thursday. The stock’s 50-day simple moving average is $1.22. Galiano Gold Inc. has a 1-year low of $1.07 and a 1-year high of $2.00. The firm has a market cap of $295.73 million, a P/E ratio of -57.50 and a beta of 1.05.

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.