Cormark Issues Negative Outlook for Galiano Gold Earnings

Galiano Gold Inc. (TSE:GAU) – Equities researchers at Cormark cut their Q4 2024 EPS estimates for shares of Galiano Gold in a research note issued to investors on Thursday, January 16th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.14. Cormark also issued estimates for Galiano Gold’s FY2025 earnings at $0.96 EPS.

A number of other research firms also recently issued reports on GAU. BMO Capital Markets dropped their target price on shares of Galiano Gold from C$3.50 to C$2.50 in a research report on Wednesday, January 15th. Eight Capital set a C$3.50 price objective on shares of Galiano Gold and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Galiano Gold Stock Down 0.6 %

Galiano Gold stock opened at C$1.56 on Monday. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59. Galiano Gold has a 12-month low of C$1.09 and a 12-month high of C$2.73. The firm’s fifty day moving average is C$1.87 and its 200 day moving average is C$2.06. The company has a market capitalization of C$400.80 million, a PE ratio of 22.29, a PEG ratio of 0.15 and a beta of 1.05.

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.