Cormark Has Bearish Outlook for Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Cormark dropped their FY2025 earnings per share estimates for Galiano Gold in a research report issued to clients and investors on Wednesday, March 19th. Cormark analyst R. Gray now forecasts that the company will earn $0.21 per share for the year, down from their prior forecast of $0.26. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

Several other research analysts have also recently issued reports on GAU. HC Wainwright reissued a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday. BMO Capital Markets cut Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.25 on Friday. The business has a 50 day simple moving average of $1.23. Galiano Gold has a fifty-two week low of $1.07 and a fifty-two week high of $2.00. The stock has a market capitalization of $321.45 million, a P/E ratio of -62.50 and a beta of 1.05.

Institutional Trading of Galiano Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its holdings in shares of Galiano Gold by 7.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock valued at $31,621,000 after purchasing an additional 1,827,084 shares during the last quarter. Ruffer LLP raised its stake in Galiano Gold by 4.8% in the 4th quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after acquiring an additional 838,300 shares during the last quarter. Renaissance Technologies LLC raised its stake in Galiano Gold by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company’s stock worth $3,372,000 after acquiring an additional 16,677 shares during the last quarter. Aegis Financial Corp raised its stake in Galiano Gold by 2,154.8% in the 4th quarter. Aegis Financial Corp now owns 2,392,299 shares of the company’s stock worth $2,978,000 after acquiring an additional 2,286,199 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Galiano Gold by 20.6% in the 4th quarter. Marshall Wace LLP now owns 1,815,814 shares of the company’s stock worth $2,233,000 after acquiring an additional 309,781 shares during the last quarter. Hedge funds and other institutional investors own 66.82% 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.