Q3 2024 Earnings Estimate for Galiano Gold Inc. Issued By Cormark (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment 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 anticipates that the company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.08. The consensus estimate for Galiano Gold’s current full-year earnings is $0.19 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.29 EPS.

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

Several other research firms have also commented on GAU. HC Wainwright lifted their price target on shares of Galiano Gold from $2.20 to $4.30 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a report on Thursday, March 7th.

Galiano Gold Price Performance

NYSEAMERICAN GAU opened at $1.62 on Wednesday. Galiano Gold has a one year low of $0.52 and a one year high of $1.73. The firm has a 50-day simple moving average of $0.61. The firm has a market cap of $409.63 million, a price-to-earnings ratio of 14.68 and a beta of 1.12.

Institutional Trading of Galiano Gold

Several hedge funds have recently bought and sold shares of GAU. Equinox Partners Investment Management LLC grew its holdings in Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after acquiring an additional 662,500 shares during the period. Donald Smith & CO. Inc. grew its holdings in Galiano Gold by 39.3% during 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 period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Galiano Gold during the fourth quarter worth about $1,500,000. Finally, Sapient Capital LLC acquired a new position in Galiano Gold during the first quarter worth about $279,000. 66.82% of the stock is currently owned by 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.