FY2024 EPS Estimates for Galiano Gold Cut by Scotiabank

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for shares of Galiano Gold in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.06. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

GAU has been the topic of a number of other research reports. HC Wainwright raised their target price on Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a report on Tuesday, November 12th. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Trading Down 1.6 %

Shares of NYSEAMERICAN:GAU opened at $1.25 on Friday. Galiano Gold has a twelve month low of $0.80 and a twelve month high of $2.00. The company has a market cap of $321.35 million, a PE ratio of -62.50 and a beta of 1.04.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Galiano Gold during the second quarter worth about $59,000. Acadian Asset Management LLC grew its stake in Galiano Gold by 186.2% in the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock worth $1,613,000 after buying an additional 614,316 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Galiano Gold by 5.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company’s stock worth $30,822,000 after buying an additional 947,328 shares during the last quarter. Marshall Wace LLP raised its position in shares of 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 buying an additional 1,013,141 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after buying an additional 31,757 shares in the last quarter. 66.82% of the stock is owned by institutional investors.

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.