What is Cormark’s Forecast for Galiano Gold FY2025 Earnings?

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Cormark cut their FY2025 earnings per share (EPS) estimates for Galiano Gold in a report issued on Wednesday, March 19th. Cormark analyst R. Gray now expects that the company will post earnings of $0.21 per share for the year, down from their previous estimate of $0.26. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

A number of other brokerages have also issued reports on GAU. HC Wainwright reiterated a “buy” rating and issued a $2.80 target price on shares of Galiano Gold in a research report on Wednesday. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.

Galiano Gold Stock Down 4.6 %

Shares of NYSEAMERICAN:GAU opened at $1.25 on Friday. Galiano Gold has a 1-year low of $1.07 and a 1-year high of $2.00. The business’s fifty day simple moving average is $1.23. The firm has a market capitalization of $321.45 million, a PE ratio of -62.50 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new position in Galiano Gold during the 3rd quarter valued at about $33,000. HighTower Advisors LLC acquired a new position in Galiano Gold in the 3rd quarter valued at approximately $36,000. Sprott Inc. purchased a new stake in Galiano Gold in the 4th quarter worth approximately $39,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Galiano Gold during the 4th quarter valued at $54,000. Finally, XTX Topco Ltd purchased a new position in shares of Galiano Gold during the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

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.