FY2024 EPS Estimates for Galiano Gold Cut by HC Wainwright

Galiano Gold Inc. (TSE:GAU) – Stock analysts at HC Wainwright reduced their FY2024 earnings estimates for Galiano Gold in a research report issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.14 for the year, down from their previous forecast of $0.30. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.64 EPS.

Galiano Gold Stock Down 1.0 %

GAU stock opened at C$2.01 on Thursday. Galiano Gold has a fifty-two week low of C$0.81 and a fifty-two week high of C$2.73. The company has a market capitalization of C$516.41 million, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The business’s 50 day moving average price is C$2.06 and its two-hundred day moving average price is C$2.20. The company has a debt-to-equity ratio of 18.59, a quick ratio of 15.77 and a current ratio of 2.31.

Insider Transactions at Galiano Gold

In related news, Director Judith Mosely sold 49,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of C$1.81, for a total value of C$89,595.00. 23.08% of the stock is owned by insiders.

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.