What is Cormark’s Forecast for Galiano Gold Q4 Earnings?

Galiano Gold Inc. (TSE:GAU) – Analysts at Cormark lowered their Q4 2024 EPS estimates for Galiano Gold in a note issued to investors on Thursday, January 16th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.14. Cormark also issued estimates for Galiano Gold’s FY2025 earnings at $0.96 EPS.

A number of other equities research analysts have also recently issued reports on GAU. BMO Capital Markets cut their target price on Galiano Gold from C$3.50 to C$2.50 in a research note on Wednesday, January 15th. Eight Capital set a C$3.50 price objective on shares of Galiano Gold and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Performance

GAU stock opened at C$1.54 on Monday. The company has a debt-to-equity ratio of 18.59, a quick ratio of 15.77 and a current ratio of 2.31. The stock has a market capitalization of C$395.66 million, a price-to-earnings ratio of 22.00, a PEG ratio of 0.15 and a beta of 1.05. Galiano Gold has a 1 year low of C$1.09 and a 1 year high of C$2.73. The stock’s fifty day moving average is C$1.87 and its two-hundred day moving average is C$2.06.

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.