Q2 2024 EPS Estimates for Galiano Gold Inc. (NYSEAMERICAN:GAU) Cut by Cormark

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Research analysts at Cormark cut their Q2 2024 earnings per share estimates for Galiano Gold in a research note issued on Monday, May 6th. Cormark analyst R. Gray now anticipates that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Galiano Gold’s current full-year earnings is $0.27 per share. Cormark also issued estimates for Galiano Gold’s Q3 2024 earnings at $0.09 EPS and Q4 2024 earnings at $0.13 EPS.

GAU has been the topic of a number of other research reports. BMO Capital Markets increased their target price on Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a report on Thursday, March 7th. HC Wainwright increased their target price on Galiano Gold from $4.30 to $4.40 and gave the company a “buy” rating in a report on Tuesday.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN:GAU opened at $1.75 on Thursday. Galiano Gold has a 1 year low of $0.52 and a 1 year high of $1.85. The firm’s fifty day simple moving average is $0.61. The company has a market capitalization of $443.87 million, a P/E ratio of 35.00 and a beta of 1.08.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $31.70 million for the quarter.

Institutional Trading of Galiano Gold

A number of large investors have recently added to or reduced their stakes in the company. Sapient Capital LLC bought a new position in shares of Galiano Gold during the 1st quarter valued at approximately $279,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Galiano Gold during the 4th quarter valued at approximately $1,500,000. Donald Smith & CO. Inc. increased its position in shares of Galiano Gold by 39.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock valued at $16,063,000 after purchasing an additional 4,817,585 shares during the last quarter. Finally, Equinox Partners Investment Management LLC increased its position in shares of Galiano Gold by 60.5% during the 4th quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock valued at $32,762,000 after purchasing an additional 13,402,496 shares during the last quarter. Institutional investors 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.