Q2 2024 EPS Estimates for Galiano Gold Inc. Increased by Cormark (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Research analysts at Cormark raised their Q2 2024 earnings per share estimates for Galiano Gold in a note issued to investors on Monday, April 29th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.02. The consensus estimate for Galiano Gold’s current full-year earnings is $0.19 per share.

GAU has been the topic of several other reports. HC Wainwright upped their price target on shares of Galiano Gold from $2.20 to $4.30 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Galiano Gold Price Performance

NYSEAMERICAN:GAU opened at $1.66 on Tuesday. The firm has a market cap of $419.77 million, a price-to-earnings ratio of 14.36 and a beta of 1.12. Galiano Gold has a twelve month low of $0.52 and a twelve month high of $1.73. The business’s 50 day moving average is $0.61.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sapient Capital LLC bought a new stake in shares of Galiano Gold during the 1st quarter valued at $279,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Galiano Gold during the 4th quarter worth approximately $1,500,000. Donald Smith & CO. Inc. boosted its position in shares of Galiano Gold by 39.3% during the 4th 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 in the last quarter. Finally, Equinox Partners Investment Management LLC increased its stake in Galiano Gold by 60.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock valued at $32,762,000 after acquiring an additional 13,402,496 shares during the last quarter. 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.