Galiano Gold Inc. (NYSEAMERICAN:GAU – Free Report) – Investment analysts at Cormark lifted their FY2024 earnings estimates for shares of Galiano Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now anticipates that the company will earn $0.23 per share for the year, up from their prior forecast of $0.11. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.68 EPS.
Separately, HC Wainwright upped their target price on shares of Galiano Gold from $4.20 to $4.60 and gave the stock a “buy” rating in a research note on Tuesday.
Galiano Gold Stock Down 3.1 %
Galiano Gold stock opened at $1.43 on Thursday. Galiano Gold has a twelve month low of $0.58 and a twelve month high of $2.00. The company has a market capitalization of $366.14 million, a PE ratio of -71.25 and a beta of 1.10.
Hedge Funds Weigh In On Galiano Gold
Institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new position in Galiano Gold during the 3rd quarter worth $33,000. HighTower Advisors LLC acquired a new stake in shares of Galiano Gold during the 3rd quarter worth $36,000. National Bank of Canada FI bought a new position in shares of Galiano Gold in the second quarter worth $59,000. XTX Topco Ltd acquired a new position in Galiano Gold in the third quarter valued at about $64,000. Finally, Cubist Systematic Strategies LLC lifted 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 worth $93,000 after purchasing an additional 31,757 shares during the period. Institutional investors and hedge funds own 66.82% 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.
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