Cormark Has Negative Outlook for Galiano Gold Q4 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at Cormark reduced their Q4 2024 EPS estimates for shares of Galiano Gold in a research report issued on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the company will earn $0.08 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Several other research firms also recently commented on GAU. HC Wainwright reaffirmed a “buy” rating and issued a $3.10 price objective (down from $4.60) on shares of Galiano Gold in a report on Thursday. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th.

Galiano Gold Stock Down 2.7 %

Galiano Gold stock opened at $1.09 on Monday. Galiano Gold has a twelve month low of $0.80 and a twelve month high of $2.00. The company has a market cap of $280.22 million, a PE ratio of -54.50 and a beta of 1.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Galiano Gold in the 3rd quarter valued at $147,000. XTX Topco Ltd bought a new position in Galiano Gold in the 3rd quarter valued at $64,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold during the 3rd quarter valued at $36,000. De Lisle Partners LLP raised its position in shares of Galiano Gold by 14.0% during the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after buying an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Galiano Gold during the 3rd quarter valued at $639,000. 66.82% of the stock is owned by institutional investors.

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.