FY2024 EPS Estimates for Galiano Gold Lowered by Scotiabank

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Scotiabank cut their FY2024 earnings estimates for Galiano Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.06. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Several other analysts have also recently commented on GAU. HC Wainwright raised their price target on Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a report on Tuesday, November 12th. Eight Capital raised Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th.

Galiano Gold Trading Down 1.6 %

NYSEAMERICAN:GAU opened at $1.25 on Friday. The company has a market cap of $321.35 million, a P/E ratio of -62.50 and a beta of 1.04. Galiano Gold has a 52-week low of $0.80 and a 52-week high of $2.00.

Institutional Investors Weigh In On Galiano Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in Galiano Gold in the third quarter valued at $33,000. HighTower Advisors LLC acquired a new position in Galiano Gold in the third quarter valued at $36,000. National Bank of Canada FI acquired a new position in Galiano Gold in the second quarter valued at $59,000. XTX Topco Ltd acquired a new position in Galiano Gold in the third quarter valued at $64,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock valued at $93,000 after acquiring an additional 31,757 shares during the last quarter. Hedge funds and other institutional investors 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.