Cormark Has Negative Outlook of Galiano Gold Q4 Earnings

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

A number of other research firms have also recently issued reports on GAU. Eight Capital raised Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th. HC Wainwright reaffirmed a “buy” rating and set a $3.10 price objective (down from $4.60) on shares of Galiano Gold in a research report on Thursday, January 16th.

Galiano Gold Stock Up 3.7 %

NYSEAMERICAN:GAU opened at $1.13 on Monday. Galiano Gold has a 1 year low of $0.80 and a 1 year high of $2.00. The stock has a market capitalization of $290.50 million, a price-to-earnings ratio of -56.50 and a beta of 1.06.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $71.13 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GAU. Banque Cantonale Vaudoise acquired a new position in Galiano Gold during the third quarter valued at approximately $33,000. HighTower Advisors LLC acquired a new position in Galiano Gold during the third quarter valued at approximately $36,000. XTX Topco Ltd acquired a new position in Galiano Gold during the third quarter valued at approximately $64,000. Cubist Systematic Strategies LLC boosted its position in Galiano Gold by 141.7% during the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after purchasing an additional 31,757 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Galiano Gold in the third quarter valued at approximately $147,000. 66.82% of the stock is owned by institutional investors and hedge funds.

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.