Galiano Gold Inc. (TSE:GAU) to Post Q3 2024 Earnings of $0.15 Per Share, Cormark Forecasts

Galiano Gold Inc. (TSE:GAU) – Research analysts at Cormark increased their Q3 2024 EPS estimates for shares of Galiano Gold in a research note issued on Monday, April 29th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.11. The consensus estimate for Galiano Gold’s current full-year earnings is $0.37 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.21 EPS and FY2024 earnings at $0.40 EPS.

Galiano Gold (TSE:GAU) last posted its quarterly earnings results on Friday, February 16th. The company reported C($0.04) earnings per share for the quarter.

Separately, BMO Capital Markets raised their price objective on Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.

Galiano Gold Stock Performance

Shares of Galiano Gold stock opened at C$2.22 on Wednesday. The business has a 50-day simple moving average of C$1.76 and a 200 day simple moving average of C$1.28. Galiano Gold has a one year low of C$0.68 and a one year high of C$2.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.76 and a quick ratio of 15.77. The firm has a market capitalization of C$562.70 million, a price-to-earnings ratio of 6.00, a PEG ratio of 0.15 and a beta of 0.96.

Insider Activity

In other news, Director Michael Price sold 65,100 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total transaction of C$79,096.50. In other news, Director Paul Nicholas Wright purchased 59,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of C$1.18 per share, with a total value of C$70,210.00. Also, Director Michael Price sold 65,100 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total transaction of C$79,096.50. Insiders acquired a total of 81,985 shares of company stock valued at $101,652 over the last three months. Corporate insiders own 26.43% 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.