Cormark Issues Positive Forecast for Galiano Gold Earnings

Galiano Gold Inc. (TSE:GAU) – Investment analysts at Cormark increased their Q3 2024 earnings per share (EPS) estimates for Galiano Gold in a research report issued to clients and investors on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the company will earn $0.04 per share for the quarter, up from their prior estimate of $0.01.

Galiano Gold (TSE:GAU) last announced its earnings results on Thursday, August 8th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$87.52 million during the quarter. Galiano Gold had a return on equity of 4.46% and a net margin of 10.14%.

Galiano Gold Stock Down 1.6 %

GAU opened at C$2.45 on Monday. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59. Galiano Gold has a twelve month low of C$0.71 and a twelve month high of C$2.73. The company has a market cap of C$629.45 million, a PE ratio of 35.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The company has a 50-day moving average price of C$2.01 and a 200 day moving average price of C$2.19.

Insider Activity

In other Galiano Gold news, Director Judith Mosely sold 49,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total value of C$89,595.00. Company insiders own 23.08% of the company’s stock.

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.