Cormark Has Bearish Forecast for Galiano Gold Q2 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Stock analysts at Cormark reduced their Q2 2025 EPS estimates for Galiano Gold in a research note issued on Tuesday, July 15th. Cormark analyst R. Gray now forecasts that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold's Q3 2025 earnings at $0.07 EPS and FY2025 earnings at $0.25 EPS.

Galiano Gold Price Performance

Shares of GAU stock traded down $0.02 during trading hours on Wednesday, reaching $1.35. 793,947 shares of the stock were exchanged, compared to its average volume of 917,320. The business's fifty day moving average is $1.38 and its two-hundred day moving average is $1.31. Galiano Gold has a 12-month low of $1.00 and a 12-month high of $1.86. The firm has a market capitalization of $348.02 million, a P/E ratio of -19.28 and a beta of 0.69.

Hedge Funds Weigh In On Galiano Gold

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Galiano Gold by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 882,962 shares of the company's stock valued at $1,095,000 after purchasing an additional 106,685 shares during the last quarter. Pale Fire Capital SE acquired a new stake in shares of Galiano Gold in the first quarter valued at approximately $4,459,000. Sprott Inc. boosted its holdings in shares of Galiano Gold by 55.9% in the first quarter. Sprott Inc. now owns 49,362 shares of the company's stock valued at $61,000 after acquiring an additional 17,700 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of Galiano Gold by 1.5% in the first quarter. Donald Smith & CO. Inc. now owns 26,092,047 shares of the company's stock valued at $32,354,000 after acquiring an additional 383,640 shares during the period. Finally, Ruffer LLP boosted its holdings in shares of Galiano Gold by 2.7% in the first quarter. Ruffer LLP now owns 18,943,252 shares of the company's stock valued at $23,307,000 after acquiring an additional 504,990 shares during the period. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

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.