Cormark Has Bearish Outlook for Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Cormark decreased their FY2025 earnings per share estimates for shares of Galiano Gold in a research note issued to investors on Wednesday, March 19th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.21 per share for the year, down from their previous estimate of $0.26. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

Several other research firms also recently commented on GAU. BMO Capital Markets downgraded Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. HC Wainwright restated a “buy” rating and issued a $2.80 price objective on shares of Galiano Gold in a report on Wednesday.

Galiano Gold Trading Down 4.6 %

NYSEAMERICAN:GAU opened at $1.25 on Friday. Galiano Gold has a 12 month low of $1.07 and a 12 month high of $2.00. The business’s 50 day moving average price is $1.23. The stock has a market cap of $321.45 million, a price-to-earnings ratio of -62.50 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAU. Banque Cantonale Vaudoise purchased a new position in shares of Galiano Gold during the 3rd quarter worth $33,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold during the 3rd quarter worth $36,000. Sprott Inc. purchased a new position in shares of Galiano Gold during the 4th quarter worth $39,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Galiano Gold during the 4th quarter worth $54,000. Finally, XTX Topco Ltd purchased a new position in shares of Galiano Gold during the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

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.