Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Stock analysts at Cormark dropped their Q3 2024 earnings estimates for Galiano Gold in a research note issued on Thursday, April 18th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.12. The consensus estimate for Galiano Gold's current full-year earnings is $0.27 per share. Cormark also issued estimates for Galiano Gold's Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.19 EPS, FY2025 earnings at $0.94 EPS and FY2026 earnings at $0.49 EPS.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05).
Other equities research analysts have also issued reports about the stock. HC Wainwright reiterated a "buy" rating and issued a $2.20 price target on shares of Galiano Gold in a research note on Tuesday, February 20th. BMO Capital Markets lifted their price target on shares of Galiano Gold from $1.50 to $2.25 and gave the company an "outperform" rating in a research note on Thursday, March 7th.
Read Our Latest Research Report on GAU
Galiano Gold Stock Performance
Shares of NYSEAMERICAN:GAU traded down $0.02 during midday trading on Friday, reaching $1.48. 958,439 shares of the company were exchanged, compared to its average volume of 772,427. Galiano Gold has a fifty-two week low of $0.52 and a fifty-two week high of $1.60. The stock's fifty day moving average price is $0.61. The firm has a market cap of $375.39 million, a price-to-earnings ratio of 13.46 and a beta of 1.12.
Institutional Trading of Galiano Gold
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Equinox Partners Investment Management LLC boosted its holdings in Galiano Gold by 1.9% in the 1st quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company's stock valued at $50,300,000 after purchasing an additional 662,500 shares during the period. Donald Smith & CO. Inc. boosted its holdings in Galiano Gold by 39.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company's stock valued at $16,063,000 after purchasing an additional 4,817,585 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Galiano Gold in the 4th quarter valued at about $1,500,000. Renaissance Technologies LLC boosted its holdings in Galiano Gold by 9.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,984,577 shares of the company's stock valued at $1,761,000 after purchasing an additional 250,624 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Galiano Gold in the 2nd quarter valued at approximately $246,000. Institutional investors own 66.82% of the company's stock.
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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