Donald Smith & CO. Inc. Has $32.40 Million Stock Holdings in Galiano Gold Inc. $GAU

Donald Smith & CO. Inc. decreased its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,509,371 shares of the company’s stock after selling 582,676 shares during the period. Donald Smith & CO. Inc. owned 9.87% of Galiano Gold worth $32,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GAU. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Galiano Gold in the 2nd quarter worth about $185,000. Quadrature Capital Ltd purchased a new stake in shares of Galiano Gold during the second quarter worth $568,000. XTX Topco Ltd purchased a new position in Galiano Gold during the second quarter valued at approximately $74,000. American Century Companies Inc. increased its stake in Galiano Gold by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 46,431 shares of the company’s stock worth $59,000 after acquiring an additional 9,558 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Galiano Gold during the 2nd quarter valued at $196,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GAU. Scotiabank raised Galiano Gold to a “hold” rating in a research note on Friday, November 28th. HC Wainwright raised their price objective on shares of Galiano Gold from $2.80 to $3.20 and gave the company a “buy” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.20.

Galiano Gold Trading Up 1.7%

Shares of GAU opened at $2.39 on Friday. The firm has a market cap of $620.90 million, a P/E ratio of -13.28 and a beta of 0.85. The company has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $1.97. Galiano Gold Inc. has a 1 year low of $1.00 and a 1 year high of $3.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.70.

Galiano Gold Company Profile

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.