HC Wainwright Estimates 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) - Stock analysts at HC Wainwright issued their FY2025 EPS estimates for Galiano Gold in a research report issued on Thursday, August 14th. HC Wainwright analyst H. Ihle expects that the company will earn $0.23 per share for the year. HC Wainwright currently has a "Buy" rating and a $3.20 price objective on the stock. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.

Galiano Gold Price Performance

Shares of GAU stock traded up $0.01 during mid-day trading on Monday, hitting $2.11. 3,459,026 shares of the stock traded hands, compared to its average volume of 2,047,685. The stock has a market cap of $545.39 million, a P/E ratio of -70.31 and a beta of 0.57. The stock's fifty day moving average is $1.49 and its two-hundred day moving average is $1.36. Galiano Gold has a 52-week low of $1.00 and a 52-week high of $2.1650.

Institutional Trading of Galiano Gold

Several hedge funds have recently modified their holdings of GAU. Renaissance Technologies LLC lifted its position 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 buying an additional 16,677 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Galiano Gold by 20.6% during the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company's stock valued at $2,233,000 after buying an additional 309,781 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Galiano Gold by 46.9% during the fourth quarter. Bank of America Corp DE now owns 860,516 shares of the company's stock valued at $1,058,000 after buying an additional 274,759 shares during the last quarter. Two Sigma Advisers LP grew its stake 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 worth $192,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Sapient Capital LLC grew its stake in shares of Galiano Gold by 16.0% during the first quarter. Sapient Capital LLC now owns 287,394 shares of the company's stock worth $353,000 after acquiring an additional 39,700 shares during the last quarter. 66.82% of the stock is 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.