HC Wainwright Reduces Earnings Estimates for Galiano Gold

Galiano Gold Inc. (TSE:GAU) – Stock analysts at HC Wainwright dropped their FY2025 earnings estimates for Galiano Gold in a note issued to investors on Thursday, January 16th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.55 per share for the year, down from their prior forecast of $0.64.

Other research analysts also recently issued research reports about the company. Eight Capital set a C$3.50 price objective on Galiano Gold and gave the stock a “buy” rating in a report on Tuesday, November 19th. BMO Capital Markets reduced their target price on shares of Galiano Gold from C$3.50 to C$2.50 in a research note on Wednesday.

Galiano Gold Stock Performance

TSE:GAU opened at C$1.56 on Friday. The company has a market capitalization of C$400.80 million, a P/E ratio of 22.29, a P/E/G ratio of 0.15 and a beta of 1.05. The business has a fifty day simple moving average of C$1.89 and a two-hundred day simple moving average of C$2.07. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. Galiano Gold has a 1 year low of C$1.09 and a 1 year high of C$2.73.

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.