Cormark Has Strong Forecast for Galiano Gold FY2026 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at Cormark increased their FY2026 earnings per share (EPS) estimates for Galiano Gold in a research note issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.72 per share for the year, up from their prior estimate of $0.63. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Separately, HC Wainwright boosted their price target on Galiano Gold from $4.20 to $4.60 and gave the stock a “buy” rating in a research note on Tuesday.

Galiano Gold Trading Up 0.7 %

Shares of NYSEAMERICAN:GAU opened at $1.44 on Wednesday. Galiano Gold has a 1 year low of $0.52 and a 1 year high of $2.00. The stock has a market cap of $369.99 million, a P/E ratio of -72.25 and a beta of 1.10.

Institutional Trading of Galiano Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAU. Donald Smith & CO. Inc. raised its holdings in shares of Galiano Gold by 33.3% during the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after purchasing an additional 5,961,685 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Galiano Gold by 186.2% in the 2nd quarter. Acadian Asset Management LLC now owns 944,190 shares of the company’s stock valued at $1,613,000 after buying an additional 614,316 shares during the period. Marshall Wace LLP boosted its stake in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after buying an additional 1,013,141 shares during the last quarter. Virtu Financial LLC acquired a new stake in Galiano Gold during the first quarter worth about $118,000. Finally, Van ECK Associates Corp raised its position in Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock valued at $9,733,000 after acquiring an additional 2,070,000 shares in the last quarter. 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.