Q3 2024 EPS Estimates for Galiano Gold Inc. (NYSEAMERICAN:GAU) Decreased by Analyst

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities research analysts at Cormark cut their Q3 2024 earnings estimates for Galiano Gold in a note issued to investors on Thursday, April 18th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Galiano Gold’s current full-year earnings is $0.27 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.19 EPS, FY2025 earnings at $0.94 EPS and FY2026 earnings at $0.49 EPS.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05).

A number of other brokerages have also recently weighed in on GAU. HC Wainwright restated a “buy” rating and issued a $2.20 price target on shares of Galiano Gold in a research report on Tuesday, February 20th. BMO Capital Markets lifted their target price on shares of Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research report on Thursday, March 7th.

Galiano Gold Price Performance

Shares of Galiano Gold stock opened at $1.49 on Friday. The stock has a market cap of $376.66 million, a P/E ratio of 13.50 and a beta of 1.12. The stock’s fifty day simple moving average is $0.61. Galiano Gold has a 1 year low of $0.52 and a 1 year high of $1.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Equinox Partners Investment Management LLC increased its stake in Galiano Gold by 1.9% in the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock valued at $50,300,000 after purchasing an additional 662,500 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Galiano Gold by 39.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after acquiring an additional 4,817,585 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Galiano Gold by 2.6% in the first quarter. Franklin Resources Inc. now owns 12,857,262 shares of the company’s stock worth $7,515,000 after acquiring an additional 322,500 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Galiano Gold by 9.2% in the second quarter. Renaissance Technologies LLC now owns 2,984,577 shares of the company’s stock valued at $1,761,000 after acquiring an additional 250,624 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Galiano Gold during the 4th quarter valued at about $1,500,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.