Donald Smith & CO. Inc. Has $33.91 Million Holdings in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Donald Smith & CO. Inc. boosted its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 33.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,881,323 shares of the company’s stock after buying an additional 5,961,685 shares during the period. Donald Smith & CO. Inc. owned 0.09% of Galiano Gold worth $33,911,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp bought a new stake in Galiano Gold during the second quarter worth about $8,219,000. Marshall Wace LLP increased its holdings in Galiano Gold by 208.8% during the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after purchasing an additional 1,013,141 shares in the last quarter. Acadian Asset Management LLC increased its holdings 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 in the last quarter. Sapient Capital LLC raised its position in Galiano Gold by 6.7% in the 3rd quarter. Sapient Capital LLC now owns 247,694 shares of the company’s stock valued at $354,000 after purchasing an additional 15,450 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Galiano Gold in the first quarter worth $118,000. 66.82% of the stock is currently owned by institutional investors.

Galiano Gold Price Performance

Shares of GAU traded down $0.04 during mid-day trading on Wednesday, hitting $1.74. 230,169 shares of the company traded hands, compared to its average volume of 994,073. The stock has a market capitalization of $447.33 million, a P/E ratio of 60.00 and a beta of 1.13. Galiano Gold Inc. has a one year low of $0.52 and a one year high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.03 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. As a group, analysts anticipate that Galiano Gold Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their target price on Galiano Gold from $4.40 to $4.20 and set a “buy” rating for the company in a research note on Monday, August 12th.

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.