Analysts Set Expectations for Galiano Gold FY2024 Earnings

Galiano Gold Inc. (TSE:GAU) – Analysts at HC Wainwright dropped their FY2024 earnings estimates for shares of Galiano Gold in a report issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.14 for the year, down from their previous forecast of $0.30. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.64 EPS.

Galiano Gold Stock Performance

TSE:GAU opened at C$2.01 on Thursday. The firm has a 50-day moving average price of C$2.06 and a 200 day moving average price of C$2.20. Galiano Gold has a 12-month low of C$0.81 and a 12-month high of C$2.73. The firm has a market capitalization of C$516.41 million, a PE ratio of 29.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59.

Insider Activity

In related news, Director Judith Mosely sold 49,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$1.81, for a total value of C$89,595.00. 23.08% of the stock is currently owned by insiders.

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.