Cormark Has Pessimistic View of Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at Cormark lowered their FY2025 earnings estimates for Galiano Gold in a research report issued to clients and investors on Wednesday, March 19th. Cormark analyst R. Gray now expects that the company will earn $0.21 per share for the year, down from their previous forecast of $0.26. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

GAU has been the topic of a number of other research reports. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. HC Wainwright reaffirmed a “buy” rating and issued a $2.80 price target on shares of Galiano Gold in a research report on Wednesday.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.25 on Friday. The firm’s 50-day moving average is $1.23. Galiano Gold has a 52 week low of $1.07 and a 52 week high of $2.00. The firm has a market cap of $321.45 million, a price-to-earnings ratio of -62.50 and a beta of 1.05.

Hedge Funds Weigh In On Galiano Gold

A number of hedge funds have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new stake in Galiano Gold in the third quarter valued at about $33,000. HighTower Advisors LLC acquired a new stake in Galiano Gold during the third quarter valued at approximately $36,000. Sprott Inc. bought a new stake in shares of Galiano Gold in the 4th quarter valued at approximately $39,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Galiano Gold in the 4th quarter worth approximately $54,000. Finally, XTX Topco Ltd bought a new position in shares of Galiano Gold during the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds 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.