What is Cormark’s Estimate for Galiano Gold Q3 Earnings?

Galiano Gold Inc. (TSE:GAU) – Analysts at Cormark upped their Q3 2024 earnings estimates for Galiano Gold in a research report issued on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.01.

Galiano Gold (TSE:GAU) last posted its earnings results on Thursday, August 8th. The company reported C$0.04 EPS for the quarter. Galiano Gold had a net margin of 10.14% and a return on equity of 4.46%. The business had revenue of C$87.52 million for the quarter.

Galiano Gold Trading Down 2.0 %

GAU opened at C$2.40 on Monday. The stock has a market capitalization of C$616.61 million, a PE ratio of 34.29, a P/E/G ratio of 0.15 and a beta of 1.05. The firm’s fifty day moving average price is C$2.02 and its 200 day moving average price is C$2.19. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. Galiano Gold has a 12-month low of C$0.71 and a 12-month high of C$2.73.

Insider Activity at Galiano Gold

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

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.