Cormark Has Negative Outlook of Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Cormark lowered their FY2025 EPS estimates for shares of Galiano Gold in a research note issued on Wednesday, March 19th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.21 per share for the year, down from their prior estimate of $0.26. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

A number of other equities research analysts have also weighed in on GAU. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. HC Wainwright restated a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday.

Galiano Gold Stock Performance

Shares of GAU opened at $1.31 on Friday. The stock has a market cap of $336.88 million, a price-to-earnings ratio of -65.50 and a beta of 1.05. The company’s fifty day moving average is $1.23. Galiano Gold has a 1-year low of $1.07 and a 1-year high of $2.00.

Institutional Inflows and Outflows

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