What is Cormark’s Forecast for Galiano Gold FY2024 Earnings?

Galiano Gold Inc. (TSE:GAU) – Cormark upped their FY2024 earnings per share (EPS) estimates for shares of Galiano Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.32 per share for the year, up from their prior forecast of $0.15. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $0.95 EPS.

Galiano Gold Price Performance

Galiano Gold stock opened at C$2.03 on Thursday. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. The business has a 50 day simple moving average of C$2.06 and a 200-day simple moving average of C$2.20. Galiano Gold has a 12 month low of C$0.75 and a 12 month high of C$2.73. The stock has a market capitalization of C$521.55 million, a PE ratio of 29.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Insiders Place Their Bets

In other Galiano Gold news, Director Judith Mosely sold 49,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. 23.08% of the stock is currently owned by insiders.

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.