Donald Smith & CO. Inc. Boosts Stock Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Donald Smith & CO. Inc. grew its position in shares of Galiano Gold Inc. (NYSEAMERICAN:GAU) by 39.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,089,969 shares of the company’s stock after purchasing an additional 4,817,585 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.08% of Galiano Gold worth $16,063,000 as of its most recent SEC filing.

Separately, Equinox Partners Investment Management LLC increased its holdings in Galiano Gold by 60.5% in the 4th quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock worth $32,762,000 after acquiring an additional 13,402,496 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Price Performance

Shares of Galiano Gold stock traded up $0.07 during trading hours on Monday, reaching $1.66. 3,952,545 shares of the company’s stock were exchanged, compared to its average volume of 838,716. Galiano Gold Inc. has a 1 year low of $0.52 and a 1 year high of $1.73. The stock has a market capitalization of $419.77 million, a P/E ratio of 15.45 and a beta of 1.12. The firm has a fifty day moving average price of $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). As a group, research analysts anticipate that Galiano Gold Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

GAU has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a report on Thursday, March 7th. HC Wainwright upped their target price on shares of Galiano Gold from $2.20 to $4.30 and gave the stock a “buy” rating in a report on Monday.

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.