Analysts Set Expectations for Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at HC Wainwright lifted their FY2025 EPS estimates for Galiano Gold in a research note issued to investors on Wednesday, January 29th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.40 for the year, up from their previous forecast of $0.38. HC Wainwright currently has a “Buy” rating and a $2.80 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

Other analysts also recently issued reports about the stock. BMO Capital Markets downgraded shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Stock Performance

GAU opened at $1.12 on Monday. The firm has a market cap of $287.93 million, a P/E ratio of -56.00 and a beta of 1.06. Galiano Gold has a fifty-two week low of $0.80 and a fifty-two week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $71.13 million for the quarter.

Institutional Trading of Galiano Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in GAU. JPMorgan Chase & Co. purchased a new stake in Galiano Gold during the third quarter worth $147,000. XTX Topco Ltd purchased a new stake in Galiano Gold during the third quarter worth $64,000. HighTower Advisors LLC purchased a new stake in Galiano Gold during the third quarter worth $36,000. De Lisle Partners LLP boosted its holdings in Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock worth $1,154,000 after buying an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Galiano Gold during the third quarter worth $639,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.