Cormark Issues Optimistic Estimate for Galiano Gold Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at Cormark increased their FY2026 earnings per share (EPS) estimates for Galiano Gold in a research note issued to investors on Monday, November 10th. Cormark analyst R. Gray now forecasts that the company will earn $1.20 per share for the year, up from their previous forecast of $0.67. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold’s FY2027 earnings at $1.32 EPS.

Separately, HC Wainwright upped their target price on Galiano Gold from $2.80 to $3.20 and gave the company a “buy” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $3.20.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU traded up $0.05 during midday trading on Wednesday, reaching $2.29. The stock had a trading volume of 180,060 shares, compared to its average volume of 1,770,325. Galiano Gold has a twelve month low of $1.00 and a twelve month high of $3.12. The company’s 50 day moving average price is $2.50 and its 200 day moving average price is $1.86. The firm has a market cap of $593.85 million, a price-to-earnings ratio of -76.47 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Aegis Financial Corp lifted its stake in shares of Galiano Gold by 2.4% in the 3rd quarter. Aegis Financial Corp now owns 6,659,321 shares of the company’s stock valued at $14,504,000 after purchasing an additional 153,400 shares during the period. Forge First Asset Management Inc. bought a new stake in Galiano Gold during the 3rd quarter worth approximately $2,177,000. MMCAP International Inc. SPC purchased a new stake in shares of Galiano Gold during the third quarter worth about $544,000. Hillsdale Investment Management Inc. bought a new position in shares of Galiano Gold during the 3rd quarter valued at about $11,515,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Galiano Gold by 10.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 169,962 shares of the company’s stock worth $372,000 after buying an additional 16,006 shares in the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.