Donald Smith & CO. Inc. Increases Stake in Galiano Gold Inc. (NYSEAMERICAN:GAU)

Key Points

• Donald Smith & CO. Inc. increased their stake in Galiano Gold Inc. by 1.5%, acquiring an additional 383,640 shares to hold a total of 26,092,047 shares worth approximately $32.35 million.
• Institutional investors collectively own 66.82% of Galiano Gold's shares, with significant increases in holdings reported by firms like Bank of America Corp DE and Marshall Wace LLP in the fourth quarter.
• As of the latest trading session, Galiano Gold's stock was valued at $1.52, reflecting a market capitalization of $392.74 million, alongside a PE ratio of -21.71.

Donald Smith & CO. Inc. boosted its stake in Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,092,047 shares of the company's stock after buying an additional 383,640 shares during the quarter. Donald Smith & CO. Inc. owned approximately 10.15% of Galiano Gold worth $32,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ruffer LLP raised its position in Galiano Gold by 2.7% in the 1st quarter. Ruffer LLP now owns 18,943,252 shares of the company's stock valued at $23,307,000 after buying an additional 504,990 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Galiano Gold by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock worth $3,372,000 after purchasing an additional 16,677 shares during the period. Aegis Financial Corp raised its stake in shares of Galiano Gold by 3.6% during the 1st quarter. Aegis Financial Corp now owns 2,478,831 shares of the company's stock worth $3,049,000 after purchasing an additional 86,532 shares during the period. Marshall Wace LLP raised its stake in shares of Galiano Gold by 20.6% during the 4th quarter. Marshall Wace LLP now owns 1,815,814 shares of the company's stock worth $2,233,000 after purchasing an additional 309,781 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Galiano Gold by 46.9% during the 4th quarter. Bank of America Corp DE now owns 860,516 shares of the company's stock worth $1,058,000 after purchasing an additional 274,759 shares during the period. 66.82% of the stock is owned by hedge funds and other institutional investors.

Galiano Gold Price Performance

Shares of NYSEAMERICAN GAU traded down $0.01 during mid-day trading on Wednesday, reaching $1.56. 144,308 shares of the company's stock were exchanged, compared to its average volume of 1,074,411. The firm has a market capitalization of $401.78 million, a price-to-earnings ratio of -22.21 and a beta of 0.57. Galiano Gold Inc. has a 52 week low of $1.00 and a 52 week high of $1.85. The firm has a 50-day moving average price of $1.40 and a two-hundred day moving average price of $1.32.

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.