Galiano Gold FY2025 EPS Estimate Decreased by HC Wainwright

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities research analysts at HC Wainwright cut their FY2025 EPS estimates for shares of Galiano Gold in a research report issued to clients and investors on Thursday, January 16th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.38 for the year, down from their prior estimate of $0.46. HC Wainwright has a “Buy” rating and a $3.10 price objective on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Separately, Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th.

Galiano Gold Trading Down 2.7 %

NYSEAMERICAN:GAU opened at $1.09 on Friday. Galiano Gold has a 1-year low of $0.80 and a 1-year high of $2.00. The firm has a market capitalization of $280.22 million, a PE ratio of -54.50 and a beta of 1.06.

Hedge Funds Weigh In On Galiano Gold

Several institutional investors have recently made changes to their positions in GAU. Donald Smith & CO. Inc. grew its position in shares of Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock valued at $33,911,000 after acquiring an additional 5,961,685 shares during the period. Van ECK Associates Corp boosted 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 worth $9,733,000 after purchasing an additional 2,070,000 shares in the last quarter. Marshall Wace LLP grew its holdings in Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after purchasing an additional 1,013,141 shares during the period. De Lisle Partners LLP grew its holdings in Galiano Gold by 14.0% in the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after purchasing an additional 100,000 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Galiano Gold in the third quarter valued at approximately $639,000. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.