HC Wainwright Predicts Galiano Gold FY2025 Earnings

Key Points

• HC Wainwright forecasts Galiano Gold to achieve a FY2025 earnings per share of $0.23, significantly higher than the consensus estimate of $0.08.
• The stock of Galiano Gold has a current market price of $2.04, with a twelve-month range between $1.00 and $2.05.
• Institutional investors and hedge funds own 66.82% of Galiano Gold, with several firms including SBI Securities and American Century significantly increasing their holdings in the second quarter.

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities research analysts at HC Wainwright issued their FY2025 earnings estimates for Galiano Gold in a research report issued to clients and investors on Thursday, August 14th. HC Wainwright analyst H. Ihle anticipates that the company will earn $0.23 per share for the year. HC Wainwright has a "Buy" rating and a $3.20 price target on the stock. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.

Galiano Gold Price Performance

NYSEAMERICAN GAU traded up $0.1050 on Monday, hitting $2.0950. 2,452,584 shares of the company were exchanged, compared to its average volume of 1,179,293. The company's 50 day moving average price is $1.46 and its 200-day moving average price is $1.34. The firm has a market capitalization of $541.52 million, a P/E ratio of -69.81 and a beta of 0.57. Galiano Gold has a twelve month low of $1.00 and a twelve month high of $2.1250.

Hedge Funds Weigh In On Galiano Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAU. American Century Companies Inc. boosted its position in shares of Galiano Gold by 25.9% in the second quarter. American Century Companies Inc. now owns 46,431 shares of the company's stock valued at $59,000 after acquiring an additional 9,558 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Galiano Gold by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 155,800 shares of the company's stock valued at $192,000 after acquiring an additional 16,000 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Galiano Gold by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock valued at $3,372,000 after acquiring an additional 16,677 shares during the period. Sprott Inc. increased its stake 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 buying an additional 17,700 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Galiano Gold by 939.4% in the second quarter. SBI Securities Co. Ltd. now owns 25,009 shares of the company's stock valued at $32,000 after buying an additional 22,603 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

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.