Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Galiano Gold in a note issued to investors on Sunday, April 13th. Scotiabank analyst O. Habib now expects that the company will earn $0.20 per share for the year, down from their prior estimate of $0.28. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.
A number of other equities research analysts also recently commented on GAU. BMO Capital Markets downgraded Galiano Gold from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. HC Wainwright reaffirmed a "buy" rating and set a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday, March 19th.
Read Our Latest Report on GAU
Galiano Gold Price Performance
GAU stock traded up $0.02 during midday trading on Wednesday, hitting $1.36. The stock had a trading volume of 731,163 shares, compared to its average volume of 964,105. The company's 50-day moving average price is $1.24 and its 200 day moving average price is $1.35. The firm has a market cap of $349.48 million, a PE ratio of -67.95 and a beta of 1.05. Galiano Gold has a 12-month low of $1.00 and a 12-month high of $2.00.
Hedge Funds Weigh In On Galiano Gold
A number of large investors have recently modified their holdings of GAU. XTX Topco Ltd acquired a new position in shares of Galiano Gold during the third quarter worth about $64,000. JPMorgan Chase & Co. acquired a new stake in Galiano Gold in the third quarter valued at approximately $147,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold during the third quarter valued at approximately $36,000. Aegis Financial Corp lifted its position in shares of Galiano Gold by 2,154.8% during the fourth quarter. Aegis Financial Corp now owns 2,392,299 shares of the company's stock worth $2,978,000 after purchasing an additional 2,286,199 shares in the last quarter. Finally, Ruffer LLP boosted its stake in shares of Galiano Gold by 4.8% in the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company's stock valued at $22,960,000 after purchasing an additional 838,300 shares during the period. 66.82% of the stock is currently owned by hedge funds and other institutional investors.
About Galiano Gold
(
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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.
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