HC Wainwright Decreases Earnings Estimates for Galiano Gold

Key Points

• HC Wainwright lowered its FY2026 EPS forecast for Galiano Gold to $0.61 from $0.62, below the analyst consensus estimate of $0.64.
• In its latest quarter, Galiano reported EPS of $0.09, missing the $0.12 consensus, while revenue of $172.14 million exceeded expectations of $161.75 million.
• Analysts maintain a consensus Buy rating and a $3.85 price target; the shares opened at $2.50.

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities research analysts at HC Wainwright lowered their FY2026 EPS estimates for Galiano Gold in a report released on Friday, November 6th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.61 per share for the year, down from their prior forecast of $0.62. The consensus estimate for Galiano Gold's current full-year earnings is $0.64 per share.

A number of other analysts have also issued reports on GAU. Canaccord Genuity Group raised shares of Galiano Gold to a "strong-buy" rating in a research note on Thursday, August 13th. Zacks Research raised Galiano Gold from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 26th. Finally, Freedom Broker decreased their target price on shares of Galiano Gold from $3.60 to $3.45 and set a "buy" rating for the company in a research report on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.85.

Galiano Gold Price Performance

Shares of NYSEAMERICAN:GAU opened at $2.50 on Monday. The business has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.33. Galiano Gold has a 1 year low of $1.66 and a 1 year high of $3.62. The firm has a market capitalization of $655.12 million, a PE ratio of 4.46 and a beta of 0.87.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $172.14 million during the quarter, compared to analysts' expectations of $161.75 million. Galiano Gold had a net margin of 23.19% and a return on equity of 42.65%.

Institutional Trading of Galiano Gold

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of Galiano Gold by 394.3% during the third quarter. Russell Investments Group Ltd. now owns 591,510 shares of the company's stock worth $1,148,000 after purchasing an additional 471,834 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Galiano Gold during the 3rd quarter worth about $136,000. Net Worth Advisory Group grew its position in Galiano Gold by 11.3% during the 3rd quarter. Net Worth Advisory Group now owns 106,845 shares of the company's stock worth $208,000 after purchasing an additional 10,861 shares during the period. Venture Visionary Partners LLC purchased a new position in shares of Galiano Gold during the 3rd quarter valued at about $46,000. Finally, Engineers Gate Manager LP raised its stake in shares of Galiano Gold by 63.3% during the 2nd quarter. Engineers Gate Manager LP now owns 260,028 shares of the company's stock valued at $486,000 after buying an additional 100,778 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Galiano Gold Company Profile

Galiano Gold Inc is a Canadian gold producer and exploration company focused on the acquisition, development and operation of gold assets in West Africa. The company's primary asset is the Asanko Gold Mine in Ghana, which produces gold through open-pit mining and conventional processing operations.

Galiano Gold operates the Asanko Gold Mine through a partnership with the government of Ghana, which holds a minority interest. The mine is located in Ghana's Ashanti Region, an established gold-producing area, and includes multiple open-pit deposits, processing facilities and additional exploration opportunities intended to support future mineral resource growth.

The company was formerly known as Asanko Gold Inc and adopted the Galiano Gold name in 2020.

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