Galiano Gold Inc. (TSE:GAU - Free Report) - Equities research analysts at Cormark reduced their Q3 2024 EPS estimates for shares of Galiano Gold in a research report issued on Thursday, April 18th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.16. The consensus estimate for Galiano Gold's current full-year earnings is $0.37 per share. Cormark also issued estimates for Galiano Gold's Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.26 EPS, FY2025 earnings at $1.30 EPS and FY2026 earnings at $0.68 EPS.
A number of other brokerages have also recently commented on GAU. Scotiabank lifted their price objective on shares of Galiano Gold from C$1.20 to C$1.50 and gave the stock a "sector perform" rating in a research note on Friday, December 22nd. BMO Capital Markets lifted their price objective on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.
Check Out Our Latest Report on GAU
Galiano Gold Price Performance
TSE GAU traded up C$0.01 on Friday, reaching C$2.06. The company had a trading volume of 155,148 shares, compared to its average volume of 170,727. The company has a quick ratio of 15.77, a current ratio of 4.76 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of C$522.15 million, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.15 and a beta of 0.96. The firm's 50 day moving average price is C$1.64 and its 200 day moving average price is C$1.21. Galiano Gold has a 12 month low of C$0.68 and a 12 month high of C$2.20.
Galiano Gold (TSE:GAU - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported C($0.04) earnings per share (EPS) for the quarter.
Insiders Place Their Bets
In other news, Director Paul Nicholas Wright purchased 59,500 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of C$1.18 per share, with a total value of C$70,210.00. In related news, Director Michael Price sold 65,100 shares of Galiano Gold stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total transaction of C$79,096.50. Also, Director Paul Nicholas Wright acquired 59,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of C$1.18 per share, with a total value of C$70,210.00. Insiders acquired 81,985 shares of company stock valued at $101,652 in the last three months. Corporate insiders own 26.43% of the company's stock.
Galiano Gold Company Profile
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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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