FY2024 EPS Estimates for Galiano Gold Lowered by Analyst

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at HC Wainwright cut their FY2024 earnings per share estimates for Galiano Gold in a research note issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.10 per share for the year, down from their previous estimate of $0.22. HC Wainwright has a “Buy” rating and a $4.60 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.46 EPS.

Galiano Gold Stock Performance

Shares of GAU opened at $1.46 on Thursday. Galiano Gold has a twelve month low of $0.55 and a twelve month high of $2.00. The firm has a market capitalization of $373.85 million, a P/E ratio of -72.00 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. raised its stake 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 valued at $33,911,000 after purchasing an additional 5,961,685 shares during the period. Van ECK Associates Corp increased its stake in Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after buying an additional 2,070,000 shares during the period. Marshall Wace LLP increased its stake in Galiano Gold by 208.8% during the 2nd 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 period. Acadian Asset Management LLC lifted its holdings 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. Finally, De Lisle Partners LLP boosted its position in Galiano Gold by 14.0% in the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after buying an additional 100,000 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.