Galiano Gold Inc. to Post Q3 2024 Earnings of $0.08 Per Share, Cormark Forecasts (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities research analysts at Cormark cut their Q3 2024 EPS estimates for Galiano Gold in a research report issued to clients and investors on Thursday, April 18th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior estimate 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.

Other research analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. HC Wainwright reissued a “buy” rating and set a $2.20 target price on shares of Galiano Gold in a research note on Tuesday, February 20th.

Galiano Gold Price Performance

GAU opened at $1.48 on Friday. Galiano Gold has a twelve month low of $0.52 and a twelve month high of $1.60. The business’s 50-day moving average price is $0.61. The company has a market capitalization of $375.39 million, a PE ratio of 13.46 and a beta of 1.12.

Galiano Gold (NYSEAMERICAN:GAU) last posted 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).

Institutional Trading of Galiano Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAU. Jane Street Group LLC boosted its holdings in shares of Galiano Gold by 138.4% during the 3rd quarter. Jane Street Group LLC now owns 58,285 shares of the company’s stock worth $28,000 after buying an additional 33,834 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Galiano Gold by 5.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,733,953 shares of the company’s stock worth $1,595,000 after buying an additional 128,962 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Galiano Gold during the 4th quarter worth approximately $134,000. Franklin Resources Inc. boosted its holdings in shares of Galiano Gold by 2.6% during the 1st quarter. Franklin Resources Inc. now owns 12,857,262 shares of the company’s stock worth $7,515,000 after buying an additional 322,500 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Galiano Gold during the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.