Donald Smith & CO. Inc. increased its holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 33.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,881,323 shares of the company's stock after purchasing an additional 5,961,685 shares during the period. Donald Smith & CO. Inc. owned approximately 9.30% of Galiano Gold worth $33,911,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp purchased a new stake in shares of Galiano Gold in the 2nd quarter worth about $8,219,000. Marshall Wace LLP lifted its position in Galiano Gold by 208.8% in the 2nd 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 in the last quarter. Acadian Asset Management LLC boosted its stake in Galiano Gold by 186.2% during the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock valued at $1,613,000 after purchasing an additional 614,316 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Galiano Gold in the 1st quarter worth $118,000. Finally, National Bank of Canada FI bought a new position in shares of Galiano Gold during the second quarter valued at $59,000. 66.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, HC Wainwright lowered their price objective on shares of Galiano Gold from $4.40 to $4.20 and set a "buy" rating on the stock in a research report on Monday, August 12th.
View Our Latest Research Report on GAU
Galiano Gold Price Performance
Shares of NYSEAMERICAN:GAU traded up $0.01 during midday trading on Wednesday, hitting $1.79. The company had a trading volume of 550,900 shares, compared to its average volume of 995,600. Galiano Gold Inc. has a 12-month low of $0.52 and a 12-month high of $2.00. The firm has a market capitalization of $459.92 million, a price-to-earnings ratio of 58.33 and a beta of 1.13.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The business had revenue of $63.00 million during the quarter. On average, equities research analysts expect that Galiano Gold Inc. will post 0.13 earnings per share for the current fiscal year.
Galiano Gold Company Profile
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Free Report)
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.
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