FY2024 Earnings Forecast for Galiano Gold Issued By Cormark

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Galiano Gold in a report issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.23 per share for the year, up from their prior forecast of $0.11. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.68 EPS.

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

Galiano Gold Stock Up 0.3 %

GAU stock opened at $1.46 on Thursday. Galiano Gold has a 52 week low of $0.55 and a 52 week high of $2.00. The company has a market cap of $373.85 million, a P/E ratio of -72.00 and a beta of 1.10.

Institutional Trading of Galiano Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in shares of Galiano Gold in the third quarter valued at approximately $33,000. National Bank of Canada FI acquired a new position in Galiano Gold in the 2nd quarter valued at $59,000. Cubist Systematic Strategies LLC raised its holdings in Galiano Gold by 141.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after acquiring an additional 31,757 shares during the period. Virtu Financial LLC acquired a new position in Galiano Gold during the 1st quarter worth $118,000. Finally, Sapient Capital LLC lifted its position in Galiano Gold by 15.8% during the 2nd quarter. Sapient Capital LLC now owns 232,244 shares of the company’s stock worth $399,000 after acquiring an additional 31,744 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.