Galiano Gold Inc. (NYSEAMERICAN:GAU) Position Increased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 39.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,089,969 shares of the company’s stock after purchasing an additional 4,817,585 shares during the period. Donald Smith & CO. Inc. owned 7.60% of Galiano Gold worth $16,063,000 at the end of the most recent reporting period.

Separately, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Galiano Gold during the 4th quarter valued at $1,500,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Galiano Gold Price Performance

Shares of GAU stock traded up $0.07 during trading hours on Monday, hitting $1.66. The company had a trading volume of 3,952,545 shares, compared to its average volume of 838,716. Galiano Gold Inc. has a 12 month low of $0.52 and a 12 month high of $1.73. The company has a market cap of $419.77 million, a price-to-earnings ratio of 15.45 and a beta of 1.12. The stock’s fifty day moving average is $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). On average, research analysts expect that Galiano Gold Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HC Wainwright lifted their target price on Galiano Gold from $2.20 to $4.30 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets boosted their price objective on Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

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.