Q2 2024 EPS Estimates for Galiano Gold Inc. Decreased by Cormark (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Investment analysts at Cormark decreased their Q2 2024 earnings per share (EPS) estimates for shares of Galiano Gold in a research report issued on Monday, May 6th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Galiano Gold’s current full-year earnings is $0.40 per share. Cormark also issued estimates for Galiano Gold’s Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.18 EPS and FY2026 earnings at $0.85 EPS.

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

Galiano Gold Price Performance

GAU stock opened at C$2.36 on Thursday. The company has a current ratio of 2.49, a quick ratio of 15.77 and a debt-to-equity ratio of 10.81. The firm’s 50-day moving average price is C$1.87 and its two-hundred day moving average price is C$1.33. The stock has a market capitalization of C$599.75 million, a price-to-earnings ratio of 29.50, a PEG ratio of 0.15 and a beta of 1.03. Galiano Gold has a 12-month low of C$0.68 and a 12-month high of C$2.52.

Galiano Gold (TSE:GAU) last issued its earnings results on Friday, February 16th. The company reported C($0.04) EPS for the quarter. Galiano Gold had a return on equity of 6.24% and a net margin of 40.49%.

Insider Buying and Selling

In other news, Director Paul Nicholas Wright acquired 59,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of C$1.18 per share, with a total value of C$70,210.00. In other Galiano Gold news, Director Paul Nicholas Wright acquired 59,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of C$1.18 per share, for a total transaction of C$70,210.00. Also, Director Michael Price sold 65,100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total value of C$79,096.50. Insiders purchased a total of 81,985 shares of company stock valued at $101,652 over the last three months. Corporate insiders own 23.44% 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.