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

Donald Smith & CO. Inc. increased its stake in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,708,407 shares of the company's stock after acquiring an additional 1,827,084 shares during the period. Donald Smith & CO. Inc. owned about 10.00% of Galiano Gold worth $31,621,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aegis Financial Corp raised its position in Galiano Gold by 2,154.8% during the fourth quarter. Aegis Financial Corp now owns 2,392,299 shares of the company's stock worth $2,978,000 after acquiring an additional 2,286,199 shares in the last quarter. Ruffer LLP increased its stake in shares of 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 purchasing an additional 838,300 shares during the last quarter. Sprott Inc. bought a new stake in shares of Galiano Gold in the 4th quarter valued at about $39,000. JPMorgan Chase & Co. bought a new stake in shares of Galiano Gold in the 3rd quarter valued at about $147,000. Finally, XTX Topco Ltd acquired a new stake in Galiano Gold in the 3rd quarter valued at about $64,000. Institutional investors own 66.82% of the company's stock.

Analyst Ratings Changes

GAU has been the topic of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and set a $2.80 price target on shares of Galiano Gold in a research report on Wednesday, March 19th. BMO Capital Markets lowered Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th.

Galiano Gold Price Performance

Shares of NYSEAMERICAN GAU traded up $0.02 during mid-day trading on Tuesday, reaching $1.09. 567,455 shares of the company were exchanged, compared to its average volume of 984,008. The company has a market capitalization of $279.02 million, a PE ratio of -54.25 and a beta of 1.05. The firm's 50-day moving average is $1.22. Galiano Gold Inc. has a twelve month low of $1.00 and a twelve month high of $2.00.

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.